The impact of tax systems on economic growth in Europe: An overview

Author (Corporate)
Series Title
Series Details October 2012
Publication Date October 2012
ISSN 1612-0272
Content Type

Since the financial crisis, the countries of Europe have been faced with the difficult challenge of consolidating their budgets while at the same time promoting economic growth. One approach is a growth-conducive tax system, which keeps distorting effects of taxation on the growth factors – labour, capital and technological progress – as small as possible. Tax reforms carried out in the EU to date are steps in the right direction. Increasing economic policy coordination in Europe offers the chance to implement further structural reforms.

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