The new publication, Policy Brief: Taxation of international air transport and airports – Economic benefits and costs, explores – and provides potential remedies to – the imbalance between the current tax burden and the foregone global GDP impacts and missed jobs. It also calls upon governments to follow the International Civil Aviation Organization’s (ICAO) Policies on Taxation in the Field of Air Transport (Doc 8632). Aviation is one of the most strategically important sectors for national and global economies, generating 11.3 million direct aviation and 87.7 million jobs indirect jobs. The global aviation industry generates approximately 4.1% of the global gross domestic product (GDP) as aviation jobs, on average, are 4.3 times more productive than jobs in other sectors. However, despite its notable economic contribution, aviation is heavily taxed. Airport operators alone ...read more...