 IS PROGRESSIVITY A SUPPORTER OF TAX REVENUES FOR THE PUBLIC BUDGET OF EU27 COUNTRIES?Contemporary Economy Journal, 2023, vol. 8, issue 1, 86-93 Abstract: The COVID-19 crisis calls into question the ability of governments to face the challenges, and covering the challenges can only be done with substantial budget revenues. Fiscal progressivity often reflects the discussion about equity, but also fiscal yield. In general, fiscal progressivity reflects the ability of the marginal tax rate to exceed the average rate or the superunitary tax elasticity of a certain type of income in relation to that income. Considering that there is no single answer as to what fiscal progressivity means, the article proposes, through three methods of calculating fiscal progressivity, the analysis of its ability to increase revenues from current taxes on income, wealth, etc. The analysis is based on the study of elasticities and reflects the importance of additional efforts to place as best as possible the elements of fiscal progressivity at the level of fiscal regulations in the countries of the European Union, both for improving fiscal equity for citizens and for increasing the state's self-sustaining capacity. Keywords: personal income tax; progressive taxation system; equity; fiscal yield; European Union countries (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:8:y:2023:i:1:p:86-93 Access Statistics for this article More articles in Contemporary Economy Journal from Constantin Brancoveanu University |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.