VALUE-ADDED TAX AS AN INSTRUMENT OF THE EUROPEAN UNION MEMBER-STATES’ DISCRETIONARY FISCAL POLICY OVER THE LAST DECADE

Taner Ismailov () and Alexandrina Alexandrova ()
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Alexandrina Alexandrova: D. A. Tsenov Academy of Economics - Svishtov, Svishtov, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 180-191

Abstract: The global financial crisis has led to a significant increase in budget deficits in some EU Member States. In the same time and the European Debt Crisis has necessitated the application of fiscal policy instruments to bring economic systems in relative balance. Among the fiscal instruments that have the fastest impact on the size of budget revenue is the value-added tax. In 2010, some EU Member States undertook a course to raise VAT rates or in other words they put into practice the specific instruments of discretionary fiscal policy. Changes in the value-added tax rates in some Member States have led the research team to the idea to conduct a more in-depth study of tax rates and their effectiveness in increasing EU's tax revenue over the last 10 years.

Keywords: fiscal policy; indirect taxes; VAT; European Union (search for similar items in EconPapers)
JEL-codes: E62 G28 H20 O52 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:180-191

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