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Analysis of the tax systems in the EU countries

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  • Martina Yakova

Abstract

The types of tax systems of the EU countries and their impact on the economic growth are analyzed. Differences are tracked as well as the trends in the three types of systems - income, consumer and hybrid. The survey is based on the experience of all 28 member states and covers the time period 1999-2015. For the empirical analysis, a linear regression model is used in the form of MPNC, on which the dependencies of different tax systems are derived. The results show that for countries with a consumer tax system, redistribution over the budget is lower than in those with income and hybrid systems. There is also a link with economic growth - the countries that maintain an income system show higher economic growth, those with consumerism are weaker, and in countries with a hybrid tax system there is a high and low growth.

Suggested Citation

  • Martina Yakova, 2018. "Analysis of the tax systems in the EU countries," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 93-112.
    • Handle: RePEc:bas:econth:y:2018:i:3:p:93-112
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    References listed on IDEAS

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    1. Dackehag , Margareta & Hansson, Åsa, 2012. "Taxation of Income and Economic Growth: An Empirical Analysis of 25 Rich OECD Countries," Working Papers 2012:6, Lund University, Department of Economics.
    2. Kaplow, Louis, 1994. "Taxation and Risk Taking: A General Equilibrium Perspective," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(4), pages 789-798, December.
    3. Stoyan Tanchev, 2016. "The Role of The Proportional Income Tax on Economic Growth of Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 66-77.
    4. Stoian Tanchev, 2016. "Consumer tax system of Bulgaria in terms of economic growth and crisis," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 85-105,106-.
    5. Jing Xing, 2011. "Does tax structure affect economic growth? Empirical evidence from OECD countries," Working Papers 1120, Oxford University Centre for Business Taxation.
    6. Kaplow, Louis, 1994. "Taxation and Risk Taking: A General Equilibrium Perspective," National Tax Journal, National Tax Association, vol. 47(4), pages 789-98, December.
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    More about this item

    JEL classification:

    • 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
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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