THE EVOLUTION OF FISCAL PRESSURE IN DEVELOPED E.U. COUNTRIES AND ITS DETERMINANTS

Raluca Andreea Ghetu (), Cristina-Simona CĂPĂȚÎNĂ () and Petre Brezeanu ()
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Raluca Andreea Ghetu: Doctoral School of Finance, Bucharest University of Economic Studies, Bucharest, Romania
Cristina-Simona CĂPĂȚÎNĂ: Doctoral School of Finance, Bucharest University of Economic Studies, Bucharest, Romania

Annals of Faculty of Economics, 2021, vol. 30, issue 2, 239-249

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.

Keywords: fiscal pressure; tax evasion; direct taxes; indirect taxes; public debt; GDP growth rate (search for similar items in EconPapers)
JEL-codes: H26 H71 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:30:y:2021:i:2:p:239-249

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