Spain’s tax structure in the context of the European Union

David López-Rodríguez and Cristina García Ciria
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David López-Rodríguez: Banco de España
Cristina García Ciria: Banco de España

No 1810, Occasional Papers from Banco de España

Abstract: This document describes the structure of the Spanish fiscal system in comparison with the economies of the European Union. Spain stands out because of its persistently lower weight of tax revenue over GDP related with the EU28 average. This lower tax revenue over GDP is mainly due to indirect taxes (VAT, special and environmental taxes), having Spain systematically one of the lowest implicit tax rates over consumption in the EU28. Regarding labor taxation, its tax revenue over GDP is also lower to the EU28 average, although the weight of social security contributions over GDP is higher, in particular the contributions charged on employees. The later shows the lower fiscal pressure on labor income in personal taxes in Spain. Spain presents larger tax revenues over capital, in particular regarding wealth taxes.

Keywords: fiscal system; tax structure; taxation in the EU (search for similar items in EconPapers)
JEL-codes: E62 H20 H23 H24 H25 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2020-05
New Economics Papers: this item is included in nep-mac and nep-pbe
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https://www.bde.es/f/webbde/SES/Secciones/Publicac ... 18/Files/do1810e.pdf First version, May 2020 (application/pdf)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... s/18/Fich/do1810.pdf Spanish version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:1810e

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