Bernardi, L. (2012): Heterogeneity of taxation in EA Member countries and some implications for EA fiscal governance. Forthcoming in: Rivista di diritto finanziario e scienza delle finanze
Download (440kB) | Preview
Notwithstanding the repeated efforts of the European Authorities to harmonize and coordinate countries’ taxation, and in spite of the effects of international tax competition, in 2009 EA taxation was still far from being homogeneous among Member Countries. Given this situation, the purpose of the paper is threefold. First of all, it is designed to provide a detailed overview of the existing differences, in terms of taxation, among EA Members. Secondly, it aims at examining whether these disparities could interfere with EA fiscal governance, the rules of which largely consist in single figures applicable to all the concerned countries. Finally, the analysis wants to ascertain whether the present EU Commission’s suggestions for fiscal consolidation and for tax reforms may differently affect specific countries, given the aforementioned differences in their tax systems. The conclusions include the traditional belief that greater harmonization and coordination of Europe’s tax systems could well improve fiscal governance within the EA.
|Item Type:||MPRA Paper|
|Original Title:||Heterogeneity of taxation in EA Member countries and some implications for EA fiscal governance|
|Keywords:||Taxation, Fiscal rules, Fiscal consolidation, Budget balance, EA countries|
|Subjects:||H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General
H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents > H30 - General
H - Public Economics > H8 - Miscellaneous Issues > H80 - General
|Depositing User:||Luigi Bernardi|
|Date Deposited:||13. Jul 2012 19:30|
|Last Modified:||25. Apr 2015 12:32|
VVAA, 2011, “Forum: What is the size of the multiplier?” Journal of Economic Literature, XLIX (3): 673-751.
ALESINA, A. AND ARDAGNA, S., 2009, Large changes in fiscal policy: Taxes versus spending, paper presented at the Tax Policy and Economy Conference.
ALBI, E. AND MARTINEZ-VAZQUEZ, J. (EDS), 2011, The Elgar guide to tax systems, Cheltenam-Northampton, Edward Elgar.
BANCA D’ITALIA, 1999, Indicators of structural budget balances, Roma, Banca d’Italia.
BANCA D’ITALIA, 2000, Fiscal sustainability, Roma, Banca d’Italia.
BANCA D’ITALIA, 2001, Fiscal rules, Roma, Banca d’Italia.
BANCA D’ITALIA, 2007, Fiscal policy: Current issues and challenges, Roma, Banca d’Italia.
BERNARDI, L., 2009, “Le tasse in Europa dagli anni novanta”, Economia Italiana, (3): 769-807.
BERNARDI, L., 2011, “Economic crisis and taxation in Europe”, Rivista di Diritto Finanziario e Scienza delle Finanze, Vol. LXX (2): 175-211.
BI, H. ET AL., 2012, Uncertain fiscal consolidations, NBER WP n. 17844, Cambridge, MA, The NBER.
BALDACCI, E. ET AL., 2010, Restoring debt sustainability after crises: implications for the fiscal mix, OMF WP/10/232, Washington, DC: The IMF.
BOCCONI UNIVERSITY - ECONPUBBLICA, 2011, The role and impacts of labour taxation policies, Milano, Bocconi University.
BOSI, P. (a cura di), 2012, Corso di scienza delle finanze, Bologna, il Mulino.
CAPRIOLI, F. AND MOMIGLIANO, S., 2012, The effects of fiscal shocks with debt-stabilizing budgetary policies in Italy, Rome, Department of Treasury, Ministry of Economy and Finance.
CEDRIC, S., 2000, Why tax systems differs. A comparative study of the political economy of taxation, Bath, Fiscal publications.
CNOSSEN, S., 2002, “Tax policy in the European Union: A review of issues and options” FinanzArchiv, (4): 1-93.
CNOSSEN, S., 2011, “The economics of excise taxation” in E. ALBI, AND MARTINEZ-VAZQUEZ, J. (EDS), 2011: 278-299.
COENEN, G. ET AL., 2012, “Effects of fiscal stimulus in structural models”, American Economic Journal: Macroeconomics, 4 (3): 22-68.
ECB, 2001, Cyclically adjusted budget balances: An alternative approach, WP n. 77, Frankfurt, The European Central Bank.
ECB, 2004, The short term impact of government budgets on prices. Evidences from macroeconomic models, WP n. 396, Frankfurt, The European Central Bank.
EU COMMISSION, 2010, ‘The impact of fiscal consolidation on European economic outlook”, European Economic Forecast, Autumn 2010, Brussels, The European Commission: 32-47.
EU COMMISSION, 2011a, Taxation trends in the European Union, Brussels, The EU Commission.
EU COMMISSION, 2011b, Taxation papers. Tax reforms in EU member states, WP n. 28, Brussels, The EU Commission.
EU COMMISSION, 2011c, Government finance statistics. Data 1996-2010, Brussels, The EU Commission.
EU COMMISSION, 2011d, Cyclical adjustment of budget balances 2000-2013, Brussels, The EU Commission.
EU COMMISSION, 2012, Growth-friendly tax policies in Member states and better coordination in the EU. Annual Growth Survey 2012, COM(2011) 815 final, Brussels, The EU Commission.
FAIR, R.C., 2011, “Possible macroeconomics consequences of large future federal government deficits”, in J.R. Brown (ed), Tax policy and the economy, 25, The University of Chicago Press for the NBER: 89-108.
FRANCO, D. 1999, “Structural budget balanced in the Stability and Growth Pact framework”, in Banca d’Italia, 1999: 5-8.
FURCERI, D. AND ZDZIENICKA, A., 2012, “The effects of social spending on economic activity: An empirical evidence from a panel of OECD countries”, Fiscal Studies, 33 (1): 129-152.
GIROUARD, R. AND ANDRÉ, J., 2005, Measuring cyclically-adjusted budget balances for OECD countries, OECD Economic Department, WP n. 434, Paris, The OECD.
GRAVELLE, J.C. AND HUNGERFORD, T.L., 2011, Can contractionary fiscal policy be expansionary?, Washington: Congressional Research Service.
IMF, 2010, “Will it hurt? Macroeconomic effects of fiscal consolidations”, Word Economic Outlook, Washington, The IMF, October.
HEPPKE-FALK, K., ET AL., 2006, The macroeconomic effects of exogenous fiscal policy in Germany: A disaggregated SVAR analysis, Discussion Paper n. 41/2006, Frankfurt, The Bundesbank.
JOHNSON, P. AND MYLES, G. (EDS), 2011, “Special issue on the Mirrlees review”, Fiscal Studies, 32 (3):319-452).
KAPLOW, L., 2011, The theory of taxation and public economics, Princeton, Princeton University Press.
KEANE, M.P., 2011, “Labor supply and taxes: A survey”, Journal of Economic Literature, XLIX (4): 961-1075.
MUSGRAVE, R.A, 1969, Fiscal systems, New Haven and London, Yale University Press.
MYLES, G.D., 2009, Economic growth and the role of taxation, OECD Economic Department, WP n. 714, Paris, The OECD.
PEDONE, A., 2011, “Introduzione” a Debito pubblico e riforma tributaria, a cura di A PEDONE, I Quaderni di economia italiana (9): 11-48.
PIOTROWSKA, P. AND VANBORREN, N., 2008, The corporate income tax rate-revenue paradox: Evidence in the EU, TAXUD PAPERS, 33112, Brussels, The EU Commission.
PISAURO, G., 2012, “I conti pubblici sull’altalena dello spread”, in A. ZANARDI (ED), La finanza pubblica italiana. Rapporto 2012, Bologna, il Mulino:17-46.
TANZI, V., 2011,”Tax systems in the OECD: recent evolution, competition and convergence”, in E. ALBI AND J. MARTINEZ-VAZQUEZ, 2001: 11-36.
TANZI, V., 2012, Role of taxation in fiscal imbalances and their consolidation, paper presented at the forum “Tax policy under a common currency”, Brussels, The European Commission-TAXUD.