FISCAL POLICY IN THE EUROPEAN UNION BETWEEN HARMONIZATION AND COMPETITION Cover Image

FISCAL POLICY IN THE EUROPEAN UNION BETWEEN HARMONIZATION AND COMPETITION
FISCAL POLICY IN THE EUROPEAN UNION BETWEEN HARMONIZATION AND COMPETITION

Author(s): Eugenia Ramona Nandra
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: fiscal policy; tax competition; tax harmonization

Summary/Abstract: This paper presents some aspects regarding competition and harmonization in European Union fiscal policy, especially after the last enlargement on 2007. The problem of tax harmonization is connected with tax competition in the context of increasing capital mobility between different countries. Using a panel data for EU countries, analyzed on 1995- 2004, we find significant correlations between the implicit tax rate of business income and corporation profits and the budget deficit, public debt, GDP per capita and the degree of openness of countries, the last variable is used as a proxy for capital mobility.

  • Issue Year: 2007
  • Issue No: 09
  • Page Range: 28-38
  • Page Count: 11
  • Language: English
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