LAFFER CURVE IN EASTERN EUROPEAN COUNTRIES

Leonard-Dan Uzum
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Leonard-Dan Uzum: Fiscal Council, Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 71-78

Abstract: The aim of this paper is to study the behavior of different categories of taxes: consumption, labour and corporate tax in Eastern European countries and to find the optimal tax rate for them. After finding out the optimal tax rate, using the Laffer Curve methodology, it will be compared with the average implicit tax rate and we will see if countries practice a higher or a lower level of taxation compared with the optimal tax rate. The importance of practicing optimal tax rates is because they maximize tax revenues, according to Laffer Curve.

Keywords: Laffer Curve; Fiscal policy; Tax revenues; Optimum tax rate; Implicit tax rate. (search for similar items in EconPapers)
JEL-codes: E62 H21 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:8:y:2020:i:1:p:71-78

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