 Taxes as Barriers to Sustainable Economic Prosperity: The Case of GreecePanagiotis Liargovas and
Nikolaos Apostolopoulos
Chapter 15 in Taxation in Crisis, 2017, pp 389-410 from Palgrave Macmillan Abstract: Abstract This chapter aims to explore sustainable economic prosperity in Greece’s taxation system by answering how the increase in taxation affected people’s ability and willingness to pay taxes and if taxes act counter-cyclically or pro-cyclically. As the sustainable economic prosperity is a major priority of the European Union, taxes should influence positively production and growth as well as income distribution. To this extent, this chapter analyzes implicit tax rates (ITR) on labor and consumption. It also advances the analysis through the effective tax rate (ETR) on corporate investment in the European Union and Greece by focusing on effective marginal tax rate (EMTR) and effective average tax rate (EATR). Our multidimensional analysis reveals, among others, that the statutory corporate income tax rate of Greece is higher than the EU averages, while effective tax rates on capital investments appear to be high and dispersed. Consequently, Greece should reform its taxation system by lowering tax rates. Date: 2017 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-65310-5_15 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-65310-5_15 Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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