engleski

Tax Policy and Economic Growth in the EU during the Crisis

The aim of this paper is to explore how tax policy measures, taken during the period of the crisis, influenced tax revenues and tax orientation but also the economic growth of EU member countries. Among the EU countries there are numerous differences related to tax structure and tax burden per capita resulting with different roles of tax policies in fiscal systems of EU countries. Those differences are particularly evident between old (EU-15) and new (EU-13) member states. Different characteristics of the tax systems resulted with different tax policy responses and reform measures taken in order to mitigate the effects of the recession on government budgets. This paper will provide an in depth comparative analysis of tax policy measures taken in order to ensure the sustainability of government financing in the period of recession. The paper will test the hypothesis of the efficiency of these measures in tax revenue collection but also strives to evaluate their role in supporting economic growth in EU member states. For the sake of the analysis several indicators of tax revenue will be calculated and compared between EU member states in order to identify tax policy measures (and countries) that proved to be efficient in the period of the crisis.

tax policy; EU; growth; crisis

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