LEVELS OF TAXATION AND FISCAL POLICIES IN THE EUROPEAN UNION
Autor (i): Gica Gherghina, Culita
JEL: H2, H3
Cuvinte cheie: taxation levels, European Union, fiscal burden, fiscal policies, economy
Abstract:
The European Union countries are bond in this changing economy, sharing same regulations and policies at different levels but still trying to learn to integrate them. Although it is hard to have comparable information of taxation levels in very short time for the 28 Member States we must learn to analyze and take lessons from trends of the last years. For example, tax revenues rose in 19 Member States in 2016 as a percentage of GDP in 2016 but the level of taxation in EU Member States differs greatly. At the European level, the share of labour taxes in total tax revenues shrank progressively from 2010 to 2016 when it accounted for 49.8% - similar to its pre-crisis level. This show a consistent preoccupation in all member States to reduce the burden of working people. In the same time, corporate income tax revenues rose to 2.7% of GDP in 2016 compared with 2.6% in 2015, continuing their gentle increase since the crisis though not yet at pre-crisis levels. Taxation is a top priority for Member States who want to develop robust and effective tax policies for the future, in the benefit of all countries part of the EU.
The European Union countries are bond in this changing economy, sharing same regulations and policies at different levels but still trying to learn to integrate them. Although it is hard to have comparable information of taxation levels in very short time for the 28 Member States we must learn to analyze and take lessons from trends of the last years. For example, tax revenues rose in 19 Member States in 2016 as a percentage of GDP in 2016 but the level of taxation in EU Member States differs greatly. At the European level, the share of labour taxes in total tax revenues shrank progressively from 2010 to 2016 when it accounted for 49.8% - similar to its pre-crisis level. This show a consistent preoccupation in all member States to reduce the burden of working people. In the same time, corporate income tax revenues rose to 2.7% of GDP in 2016 compared with 2.6% in 2015, continuing their gentle increase since the crisis though not yet at pre-crisis levels. Taxation is a top priority for Member States who want to develop robust and effective tax policies for the future, in the benefit of all countries part of the EU.
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