Analysis of the tax systems in the EU countries
Abstract
The types of tax systems of the EU countries and their impact on the economic growth are analyzed. Differences are tracked as well as the trends in the three types of systems - income, consumer and hybrid. The survey is based on the experience of all 28 member states and covers the time period 1999-2015. For the empirical analysis, a linear regression model is used in the form of MPNC, on which the dependencies of different tax systems are derived. The results show that for countries with a consumer tax system, redistribution over the budget is lower than in those with income and hybrid systems. There is also a link with economic growth - the countries that maintain an income system show higher economic growth, those with consumerism are weaker, and in countries with a hybrid tax system there is a high and low growth.
Keywords
JEL Classification
References
Ганчев, Г., Е. Ставрова (2009). Международни финанси и финансова политика. Благоевград: УИ ЮЗУ „Неофит Рилски”.
Стиглиц, Дж. Е. (1996). Икономика на държавния сектор. С.: УИ „Стопанство“.
Николов, Ч., Д. Стоилова, Е. Ставрова, (2010). Публични финанси. Благоевград: Изд. „Бон“.
Armey, D. (1995). The Freedom Revolution. Washington: Regnery Publishing.
Browning, E. (1987). Public Finance and Price System. New York: Macmillan Publishing Company.
Dackehag, M., A. Hansson (2012) Taxation of Income and Economic Growt: An empirical Analysis of 25 Rich OECD countries. Lund University, Department of Economics.
Dickey, D., W. Fuller (1979). Distribution of the Estimatators for Autroregressive Time Series with a Unit Root. – Journal of the American Statistical Association, Vol. 74, N 366, p. 427-431.
Gale, W., A. Samwick (2014). Effects of income tax changes on economic growth. – Economic Studies at Brookings.
Jing Xing (2011). Does tax structure affect economic growth? – Empirical evidence from OECD countries, October 5.
Kaplow, L. (1994). Taxation and risk-taking: A general equilibrium perspective. – National Tax Journal, N 47, р. 789-798.
McNabb, K., Ph. le May-Boucher (2014). Tax structures, Economic Growth and Development. – Institute of Development Studies.
Tanchev, S. (2016). Consumer tax system of Bulgaria in terms of economic growth and crisis. – Economic Thought Journal N 4, p. 106-125.
Tanchev, S. (2016a). The role of the proportional income tax on economic growth of Bulgaria. – Economic Studies, N 4, p. 66-77
Tanzi, V., L. Schuknecht (1998). Can Small Governments Secure Economic and Social Well-being. – In: H. Grubel (ed.). How to Use the Fiscal Surplus. Vancouver: The Fraser Institute.
Vedder, Р., E. Gallaway (1998). Government Size and Economic Growth. Wаshington: Joint Economic Committee. http://ec.europa.eu/eurostat/