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The Evolution Of Fiscal Pressure In Developed E.U. Countries And Its Determinants

Author

Listed:
  • Raluca Andreea GHETU

    (Doctoral School of Finance, Bucharest University of Economic Studies, Bucharest, Romania)

  • Cristina-Simona CÄ‚PĂȚÎNÄ‚

    (Doctoral School of Finance, Bucharest University of Economic Studies, Bucharest, Romania)

  • Petre BREZEANU

    (Phd Professor, Department of Finance, Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Since 1970, the intensity of implementing budgetary policies in the two categories of states, developed states, and emerging states, has been observed in Europe. These policies had the effect of increasing the levels of taxation, also called progressive taxation, at that time. To stop this phenomenon of progressive taxation, the Maastricht Treaty and then the Stability and Growth Pact have had the effect of forcing states to adopt different fiscal policies to reduce the feeling of fiscal pressure made necessary by budgetary deficiencies and public debt accumulated over time. In fact, since the 1990s, each Member State of the European Union has interpreted the treaties mentioned above separately; some states reduced spending, while others preferred to impose more significant fiscal pressure on citizens by raising taxes and fees.

Suggested Citation

  • Raluca Andreea GHETU & Cristina-Simona CÄ‚PĂȚÎNÄ‚ & Petre BREZEANU, 2021. "The Evolution Of Fiscal Pressure In Developed E.U. Countries And Its Determinants," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 239-249, December.
    • Handle: RePEc:ora:journl:v:30:y:2021:i:2:p:239-249
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    fiscal pressure; tax evasion; direct taxes; indirect taxes; public debt; GDP growth rate;
    All these keywords.

    JEL classification:

    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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