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Tax Measures For Economic Recovery In Eu

Author

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  • Lect. Petru-Ovidiu Mura Ph. D

    (West University from Timisoara Faculty of Economics and Business Administration Timisoara, Romania)

Abstract

The main objective of this paper is to review the tax measures undertaken by the Member States between 2012-2013, measures aiming for economic recovery. According to the empirical results from the literature, shifting revenues from direct taxes to indirect taxes enhances economic growth. Our main findings show that: i) only a few Member States have taken measures aiming the reduction of personal income taxation (PIT); ii) the majority of the measures aiming corporate income taxation (CIT) are focused on narrowing the tax base, due to the prolonged effect of the crisis on private sector investment, and on decreasing the headline corporate tax rates; iii) property taxation was also subject to changes, more than a dozen of the Member States undertaking reforms, some of which targeting higher-end properties; iv) finally, consumption taxes and environmental taxes have been increased in many European countries, being considered least detrimental to economic growth.

Suggested Citation

  • Lect. Petru-Ovidiu Mura Ph. D, 2014. "Tax Measures For Economic Recovery In Eu," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 121-130, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2014:i:23:p:121-130
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    File URL: http://feaa.ucv.ro/RTE/023-14.pdf
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    References listed on IDEAS

    as
    1. (IFS), Institute for Fiscal Studies & Mirrlees, James (ed.), 2011. "Tax By Design: The Mirrlees Review," OUP Catalogue, Oxford University Press, number 9780199553747.
    2. European Commission, 2013. "Tax reforms in EU Member States - Tax policy challenges for economic growth and fiscal sustainability – 2013 Report," Taxation Papers 38, Directorate General Taxation and Customs Union, European Commission.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    personal income taxation; corporate income taxation; environmental taxation; property taxation; economic recovery.;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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