IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v35y2022i1p2442-2459.html
   My bibliography  Save this article

The impact of the COVID-19 pandemic on tax revenues in the EU

Author

Listed:
  • Ioana-Laura Țibulcă

Abstract

The COVID-19 pandemic has led to an economic crisis with far-reaching effects throughout the entire world. In the EU, governments face the need for policies that will counter the negative economic effects. To do this, they require reliable tax revenue predictions to help plan and finance policies that will set the European economies on the road to recovery. The current study aims to offer up-to-date accurate forecasts of tax revenues for the 27 EU member states for the period 2020-2022. A time trend model regression model adjusted with the unemployment rate is estimated for each member state using data for the period 1995-2019. Based on this regression model, forecasts for tax revenues are made. The results show a decline in tax revenues in 2020 and 2021 followed by a slight recovery in 2022 for most EU member states. The study also offers fiscal policy recommendations for the EU aimed at improving and stabilizing tax revenue collection in the future.

Suggested Citation

  • Ioana-Laura Țibulcă, 2022. "The impact of the COVID-19 pandemic on tax revenues in the EU," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 2442-2459, December.
  • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:2442-2459
    DOI: 10.1080/1331677X.2021.1954967
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2021.1954967
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/1331677X.2021.1954967?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:2442-2459. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.