• Medientyp: E-Book
  • Titel: Tax Reforms in Europe : Objectives and Some Critical Issues
  • Beteiligte: Bernardi, Luigi [Verfasser:in]
  • Erschienen: [S.l.]: SSRN, [2012]
  • Umfang: 1 Online-Ressource (12 p)
  • Sprache: Englisch
  • Entstehung:
  • Anmerkungen: In: Tax Policy Conference, p. 491, 2003
    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 3, 2003 erstellt
  • Beschreibung: The issue of tax reform in European countries is examined here by Luigi Bernardi. The paper describes the main features of revenue trends and tax reforms in the Nineties. It notes that tax convergence has so far been rather limited and that persisting divergences in tax systems prevent the efficient working of the single market, as the movement of goods, people and capital is still subject to tax interference. The paper concisely surveys the literature concerning the effects of taxation on growth concluding that high tax wedges on labour and high tax rates for corporations may contribute to the European declining growth rate and increasing unemployment. Bernardi argues that tax cuts on labour and corporate capital should be large and well targeted. Given the budgetary constraints set by the Stability and Growth Pact and the difficulty of cutting spending, the main feasible policy option is that of shifting part of the tax burden to consumption, rents and environmental externalities. The author also argues that reforms should pay greater attention to equity issues both in vertical and horizontal perspectives. The tax system should contribute to ensure equal opportunities and should support human capital formation
  • Zugangsstatus: Freier Zugang