TAX MEASURES FOR ECONOMIC RECOVERY IN EU

Lect. Petru-Ovidiu Mura Ph. D
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Lect. Petru-Ovidiu Mura Ph. D: West University from Timisoara Faculty of Economics and Business Administration Timisoara, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2014, vol. 1, issue 23, 121-130

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.

Keywords: personal income taxation; corporate income taxation; environmental taxation; property taxation; economic recovery. (search for similar items in EconPapers)
JEL-codes: H23 H24 H25 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2014:i:23:p:121-130

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