Every Hour, European Governments Lose Out On €4 Million In Aviation Taxes
The aviation sector benefits from unjustified tax exemptions that, if left unaddressed, will rise in value by 38% in the next three years.European governments lost out on €34.2 billion in revenue last year due to very low levels of taxation in the aviation sector, a new study by green groupfinds. This €34.2 billion could pay for 1,400 km of high-speed rail infrastructure – equivalent to the distance from Hamburg to Rome [1].
The UK and French governments would have cashed in an extra €5.5 and €4.7 billion if aviation was taxed adequately. The four European countries where the tax gaps are the largest are the UK, France, Spain and Germany, mainly reflecting the size of their aviation sectors. Although France, Germany and the UK levy a ticket tax, their low levels of ticket taxation aren’t able to fill the gap.
Unless action is taken, the tax gap will increase by 38% by 2025, as the sector is set to grow in coming years. Eurocontrol estimates that traffic will reach 92% of pre-COVID levels in 2023 and a full recovery by 2025. By then, the tax gap could grow to €47.1 billion, T&E finds.
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