FISCAL PRESSURE IN THE EU: AN ECONOMETRIC APPROACH

This article assesses the impact of fiscal pressure through the relationship between direct taxes, indirect taxes and taxes received by the central government as a percentage of GDP, and personal income tax rates, corporate income tax rates and value added taxes using a country sample that includes...

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Bibliographic Details
Main Author: PETRIC Nicolae
Format: Article in Journal/Newspaper
Language:German
English
French
Italian
Published: University of Oradea 2019
Subjects:
taxation
direct taxes
GDP
income tax
corporate tax
Business
HF5001-6182
Finance
HG1-9999
Norway
Iceland
Online Access:https://doaj.org/article/ccdce9c51ae14918b8bfd8efb94ded0e
Description
Summary:This article assesses the impact of fiscal pressure through the relationship between direct taxes, indirect taxes and taxes received by the central government as a percentage of GDP, and personal income tax rates, corporate income tax rates and value added taxes using a country sample that includes members of the EU-28, Iceland and Norway. Empirical analyses use annual data from 2004 to 2016 and employ techniques to account for possible linear effects in fiscal policy actions. Results show that for all countries considered in the analyses there is a strong relationship between dependent variables and independent variables in four econometric models.

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