Abstract
The primary goal of the paper is to examine the trends of global development and also global changes in the context of selective excise taxes, which are part of the Slovak tax system. First, it is necessary to describe the theoretical research, for clarity in this topic. To this end, we will provide an overview of developments in excise duties and environmental taxes. We will also focus on key events in the global economy that have had an impact on the formation of the Slovak tax system and also on legislative changes in the field of selective excise taxes. Next, we focus on the specification of the main goal of the paper. We will further specify the mathematical and statistical methods used. The result of the paper represents the latest legislative changes that are relevant from our point of view. In the next part of the article, we are going to examine the financial results of the company in connection with the applied environmental policy. In the last part of the article, we summarize the most important findings of our analysis and also point out the impacts of the environmental policy applied by the state on the indicators of green growth in the time of Covid.
Highlights
Manufacturing companies strive to make the highest possible profits and do not think about the future in relation to the environment
We will focus on key events in the global economy that have had an impact on the formation of the Slovak tax system and on legislative changes in the field of selective excise taxes
The use of economic instruments for the environment is promoted in the EU Environment Action Program 2020, the EU's Sustainable Development Goals and the Europe 2020 Strategy
Summary
Manufacturing companies strive to make the highest possible profits and do not think about the future in relation to the environment. Environmental taxes are key tools for achieving sustainability in the economy by increasing the prices of environmentally harmful goods or the cost of production inputs Developed countries, such as the European Union, have recently been drawing more and more attention to this area of the economy. Fees, tradable permits and other economic instruments play an important role in achieving cost-effective control of greenhouse gas emissions. The increasing use of environmental taxes, emissions trading and other economic instruments was partly conditioned by the recognition of the limitations of conventional environmental regulation They can initiate the necessary changes in the economy, resource use, behavior and general approach to nature [2]. This is one of the reasons why the EU Commission has proposed its Energy Union Strategy
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