The Economic Consequences of Fiscal Harmonization in Europe PDF Download
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Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 50
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Book Description
Text of a summary of a four-hundred page report commissioned by the French Senate for their Committee on Finance in May 1990.
Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 50
Get Book Here
Book Description
Text of a summary of a four-hundred page report commissioned by the French Senate for their Committee on Finance in May 1990.
Author: Mr.Francesco P. Mongelli
Publisher: International Monetary Fund
ISBN: 1451951272
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Author: Mr.W. R. M. Perraudin
Publisher: International Monetary Fund
ISBN: 1451949936
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face constraints in their borrowing. The population comprises “rich” and “poor” households with different labor productivities. The harmonization policy that involves cuts in VAT and savings taxes leads to welfare losses for both rich and poor approximately equivalent to one percent of GDP.
Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451943016
Category : Business & Economics
Languages : en
Pages : 25
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Book Description
With the advent of the economic and monetary union in the European Union (EU), the economic landscape of the EU will bear a striking resemblance to that of the United States in terms of fundamental attributes such as the freedom of internal movements of individuals, capital, and goods within the union, as well as the adoption of a common currency. This paper examines developments in the tax systems of the states in the United States and draws lessons for the need of coordination of EU tax systems.
Author: Hans Fehr
Publisher: Springer Science & Business Media
ISBN: 3642794939
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
This book uses a computable general equilibrium framework to eval uate recent value-added tax reform proposals in the European Union from a welfare point of view. After the publication of the "White Paper" (1985) on the completion of the internal European market, an intense and heated debate about tax impediments to free trade set in. According to the original plans of the Commission of the European Union, not only physical border controls but also fiscal frontiers within the European Union would have been abolished on New Year's Day 1993. With respect to value added taxation this amounted to replacing the destination by the origin principle. Even though the origin principle had been favored by some economists from the establishment of a common European value-added tax system, time was not yet ripe for this change. In December 1991, the ECOFIN Council could only agree on the so called transitional system. In essence, these transitional arrangements maintain the destination principle as far as possible but shift the border tax procedure from national frontiers to firms. The transitional system is supposed to expire on December 31, 1996, with the final solution for value-added taxation in the European Union being decided upon by the ECOFIN Council until December, 1995. In the event of no decision the transitional arrangements will be continued. The most likely solution will be a switch to the origin principle combined with some clearing mechanism to prevent major revenue reallocations between member states.
Author: Peter K. Else
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: D. Pîrvu
Publisher: Springer
ISBN: 1137000910
Category : Business & Economics
Languages : en
Pages : 386
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Book Description
Through the arguments for corporate tax harmonization in the EU and describing the current stage of this process, the legislative rules which are insufficient to solve the many problems implied by the proper functioning of the Single Market, are revealed. The book also exposes the issues involved in the consolidation of the corporate tax base.
Author: Francesco Paolo Mongelli
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that quot;high-debtquot; and quot;high-taxquot; countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Author: European Economic Community. Commission
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 216
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Book Description
Unofficial translation of the Neumark Report prepared by Dr. H. Thurston. Report of the Fiscal and Financial Committee on tax harmonization in the Common Market.
Author: J. Ferreiro
Publisher: Springer
ISBN: 0230228267
Category : Business & Economics
Languages : en
Pages : 235
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Book Description
This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity.
