Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler.

Slides:

Advertisements

Similar presentations

Case Study On The EU.

Advertisements

Macro Developments of Romania “The Tiger of the East” Mariya Kaneva Stilyana Kandjeva April 1 st, 2009.

Regional Trading Agreements. Types of Regional Agreements free-trade area – agreement to remove trade barriers among members example: NAFTA customs union.

The Canadian Dollar and Canada’s Trade with the United States: Recent Developments by John Murray Bank of Canada Presentation to the Standing Senate Committee.

International trade.

By: Jessica Weimerskirk  Subsidy – Government financial assistance to a domestic producer.  2 forms ◦ Agricultural ◦ Non-Agricultural  Subsidies given.

DG Research and Innovation, CDMA building, 21 rue Champ de Mars, Brussels AUGUR AUGUR stakeholder’s workshop, November 2011 Bipolar scenario Presentation:

Insights and Review Humian adjustment (David Hume, ) An early equilibrium model Suppose one country enjoys a balance of trade surplus – –It’s.

European Monetary Policy and the Euro Lotte Ovaere Fall 2011.

Germany, Italy, and Russia Comparative economy Ma, Lin & Xu, Hanqing.

The Canadian Economy and Types of Industries

Italy in the World Economy. Agenda Economy of Italy Infrastructure of Italy Foreign relations in Italy.

German Imports and Exports

What questions would you like to ask?. From which country does the UK import the most services? (1) Germany To which country does the UK export the most.

‘HAZELNUT’. Why hazelnut? Important source of a large number of family farms Makes up 71% of world product 20% of total agricultural exports In 1950’s,

International Trade “The Basics”.

China By Berrelar and Emily. Background  Capital: Beijing  Population: billion (2013) World Bank  Currency: Renminbi  Gross domestic product:

Get your journal ready for notes. Our topic is:. -Purpose members to work together for advantages that would be out of their reach if each were working.

International Comparison. Economy 2 Basic Facts Country Population, million (2011) Currency GDP, billion $ (2011) GDP per capita (PPP), $ (2011) Corporate.

The European Monetary Union (the eurozone)

Explain why trade should reduce poverty Trade creates jobs for people working in export industries and supporting industries. There can be a knock on.

Open-Economy Macroeconomics: Basic Concepts

Chapter 18 Foreign Trade December, Procedure 1. Summary of chapter Students’ presentations 3. In-class activities.

Chapter 13 We have seen how labor market equilibrium determines the quantity of labor employed, given a fixed amount of capital, other factors of production.

The United States and the Global Economy COI1 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the.

6 - 1 Copyright McGraw-Hill/Irwin, 2005 International Linkages The United States and World Trade Rapid Trade Growth Specialization & Comparative Advantage.

European Union © 2014 Brain Wrinkles. European Union © 2014 Brain Wrinkles.

Copyright ©2002, South-Western College Publishing International Economics By Robert J. Carbaugh 8th Edition Chapter 1: The International Economy.

The International Economy. Content The Pattern of Trade Between the UK and the Rest of the World Trade with developing economies The principal of comparative.

T HE E CONOMY OF H UNGARY ByDiyan Mitev. G ENERAL I NFO ON H UNGARY Area: total: 93,030 sq km – 115rank Population: 9,930,915 (July 2008 est.) Birth rate:

The United States & The Global Economy Chapter 6.

European Union.

1 Chapter 7 Section 1 Global Economics Objectives Describe how international trade benefits consumers. Explain the significance of currency exchange rates.

ECONOMICS Should the UK join the Euro? By Ali Jasim, Khizar Zaheer & Mumbitsm Iqbal.

Germany's Role in the EU Group 5 Day 3 Chien-Hui Chan, Julian Yang, Yi-Hau, Luigi Gonzalez.

The European Union (E.U) It is a group of European countries who have joined together for the following purpose: A.To solve common problems. B. To.

Standard SS6G5b: Describe the purpose of the European Union and the relationship between member nations.

Starter task Write down everything you know about government for the hot seat challenge!

Trading patterns within the EU Trading patterns between the EU and other markets Irish trading patterns and how joining the EU influenced the Irish economy.

Globalization and Recent Economic Developments Chapter 1.

Chapter 6: The United States in the Global Economy

European Economies SS6E5, SS6E6, & SS6E7.

CELEBRATING WITH YOU THE SPIRIT OF YOUR GREAT COUNTRY! HAPPY THE 4 TH OF JULY TO YOU, FRIENDS! SINCERELY,ELENA.

Hungary Economic Overview Hristo Georgiev Dilyan Dimitrov.

Rivalry Between Nations (pages ) Identify 3 problems that arose from WWI. List the countries of the Axis Powers. List the countries of the Allied.

Copyright 2008 The McGraw-Hill Companies 5-1 International Linkages United States and World Trade Specialization and Comparative Advantage The Foreign.

Standard SS6G5b: Describe the purpose of the European Union and the relationship between member nations.

 After WWII, the economy of the European countries was destroyed.  Marshall Plan ( ): USA invests close to $13 billion to stabilize Western.

International Trade Dr. David J. Molina Economics 4850/5850.

Say “Oui” To France Nicole Outen Lameka Fields /20/12.

Financial Management Rita Kattilakoski, Ma4n0207 Finnish Economy.

© 2014 Brain Wrinkles. 1.What are 4 benefits of joining the European Union? a. b. c. d. 2. What is the common currency of EU members? 3. Currently, how.

Purpose of the European Union For its members to work together for advantages that would be out of their reach if each were working alone Believe that.

European Economies Comparing the Economies of the United Kingdom, Germany and Russia.

European Economic Systems United Kingdom Germany Russia.

REGIONAL GROUPING & EUROPEAN UNION GROUP MEMBERS: MADHAV NEUPANE LAXMI SADAULA PRAYASH NEUPANE.

ECONOMY OF SPAIN Hochschule Bochum International Business & Trade Dr. rer. nat. Mario Lucas 23 of June of 2016 Antony Ayllón Ricavarria.

Indonesia's Economy and Trade Development in 2016 EU HoMS Meeting 14 March 2017.

International competitiveness

Comparison of the Economies of the United Kingdom, Germany, and Russia

The structure of economy in Hungary

European Union.

The European Union.

The European Union © 2014 Brain Wrinkles.

5 The United States and the Global Economy.

5 The United States and the Global Economy.

The United States in the Global Economy

European Economies SS6E5, SS6E6, & SS6E7.

The European Union © 2014 Brain Wrinkles.

Modern European Governments: The European Union

Presentation transcript:

Germany A review of the 2014 agricultural diesel tax break By Mariah Monnens, Spencer Tuskowski, and Tyler Hubler

Germany’s Diesel Tax Break Agricultural and forestry sector producers will be able to claim a tax break on diesel consumption from 2014 to 2016, as introduced in an EU meeting in March of 2013 Germany will support firms in the agricultural sector in the form of tax benefits: €214,80 per 1000 liters of diesel or a total of approximately €400 million per year We will suggest reasons for not implementing this subsidy

Economic History End of WWII: two separate countries - East and West after fall of Berlin Wall: economic reunification Slow economic growth until mid 2000s Switched currency to Euro in 2002 Part of a larger economy Important dates and moments

Modern Economy $3.4 trillion One of largest economiesLow and stable inflation Weakened currency Cheaper exports Switching to Euro from Deutsche Mark

Trading France, United States, United Kingdom, Italy, Netherlands Trading partners Transport equipment (including automobiles), electrical machinery, chemicals, some food products and wine Exports Similar, but include raw materials and semi-finished products for industry Imports Exceeded EU’s 6% threshold Asked to boost investment and reduce savings rates Being blamed for draining European and global growth High trade surplus since 2007

The German Agricultural Sector One of the smallest sectors of the German economy Most policies made by EU and not Germany Subsidy and Export Subsidy Programs Economic value of agricultural exports is €60.1 billion, growth of 7% since 2011 Germany is a net-importer of food products Germany offers far more tax breaks on use of fuel compared to other countries such as USA 84,858,000,000 pounds of diesel fuel used in 2011

Effect of the Subsidy

Analysis of the Policy Pros Consumer and producer surplus gains Germans engaged in agricultural or forestry production receive further support in a competitive market Benefits to the domestic diesel industry Cons Cost (€1,2 billion over 3 years) Lack of assurance of the policy’s effects If prices fall below world or regional prices for agricultural or forestry products, producers who reside in countries that are strong trading partners with Germany will suffer

Conclusion We stand by our proposal to end the subsidy over concerns with its ability to increase agricultural production in Germany