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Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union

Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union PDF Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451943016
Category : Business & Economics
Languages : en
Pages : 25

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.

Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union

Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union PDF Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 1451943016
Category : Business & Economics
Languages : en
Pages : 25

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.

Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union

Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union PDF Author: Vito Tanzi
Publisher:
ISBN:
Category :
Languages : en
Pages : 24

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.

Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments

Effects of the European Economic and Monetary Union (EMU) on Taxation and Interest Spending of National Governments PDF Author: Mr.Francesco P. Mongelli
Publisher: International Monetary Fund
ISBN: 1451951272
Category : Business & Economics
Languages : en
Pages : 37

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.

Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union

Tax Coordination, Tax Competition, and Revenue Mobilization in the West African Economic and Monetary Union PDF Author: Mario Mansour
Publisher: International Monetary Fund
ISBN: 1484338774
Category : Business & Economics
Languages : en
Pages : 41

Book Description
We review the current state of the West African Economic and Monetary Union’s tax coordination framework, against the main objectives of the WAEMU Treaty of 1994: reduce distortions to intra-community trade, and mobilize domestic tax revenue. The process of tax coordination in WAEMU is one of the most advanced in the world—de jure at least—, but remains in many areas ineffective de facto. Nevertheless, the framework has, to some extent, succeeded in converging tax systems, particularly statutory tax rates, and may have contributed to improving revenue mobilisation. Important lessons can be drawn from the WAEMU experience, particularly in terms of whether coordination should take the form of harmonization through a top-down approach, or a softer approach of sharing best practice and limiting certain types of tax competition.

Indirect Taxation Within the Eu - Harmonisation Vs. Competition

Indirect Taxation Within the Eu - Harmonisation Vs. Competition PDF Author: Jean Knödel
Publisher: GRIN Verlag
ISBN: 3640334426
Category : Indirect taxation
Languages : en
Pages : 29

Book Description
Seminar paper from the year 2008 in the subject Politics - International Politics - Topic: European Union, grade: 1,3, University of Hamburg (Master of Arts European Studies), course: The European Economic and Monetary Union: challenges and perspectives, language: English, abstract: While the economic integration of the EU is already on an advanced level due to the establishment of the Single Market and the European Monetary Union (EMU), it can be stated that some significant fields are lagging behind. Amongst others, the harmonisation of indirect taxes within the EU is a controversial topic (Genschel 2002: 16, Randzio-Plath 1999: 665). Any fiscal harmonisation hardly alludes to the funding basis of the public budget of the several MS. In the range of indirect taxes, value added tax (VAT), which is especially problematic for allocation politics, is already harmonised on a high level, while at the same time other excise duties were harmonised only hesitantly. The aim of this paper is to examine the question of whether there is more harmonisation than competition in the field of indirect taxation in the EU. In general, the paper will deal with the question of what fiscal harmonisation actually is and which consequences can arise from a situation of competition for the government.

One Market, One Money

One Market, One Money PDF Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356

Book Description
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability

The Effects of the European Economic and Monetary Union (EMU)on National Fiscal Sustainability PDF Author: Mr.Francesco P. Mongelli
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 50

Book Description
This paper presents a methodology to analyse some of the possible fiscal effects of the EMU. It uses a theoretical tool, the "fiscal sustainability frontiers", and a new fiscal sustainability index. The paper argues that in the EMU the fiscal autonomy will be tightened by the "endogenous fiscal discipline" stemming from the harmonization of tax systems, the loss of current and prospective money financing, and the deepening of financial market-based discipline.

Fiscal Policy, Taxation and the Financial System in an Increasingly Integrated Europe

Fiscal Policy, Taxation and the Financial System in an Increasingly Integrated Europe PDF Author: Julian Alworth
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 464

Book Description
Three major challenges confront European policymakers and financial systems; (1) to preserve and strengthen policy coordination between the countries participating and the European Monetary System; (2) to design the future structure of the Economic and Monetary Union; (3) to implement constructive economic and financial responses to the major economic and political reform in Eastern Europe. The purpose of this book is to present a comprehensive analysis of these challenges, focusing on the relationships between fiscal policies on the one hand and financial systems on the other. The basis for the work is formed by the discussions, which took place at the 16th Colloquium of the Societ Universitaire Europenne de Recherches Financires (SUERF). Private savings and the taxation of income from capital, imbalances in public sector budgets and their impact on financial systems, international resource transfers and the respective roles of governments and private capital flows, and the policy mix in the transition to Economic and Monetary Union are central themes of the book. This collection of papers, authored by members of the university, private financial sector and national and international policymaking communities, is of central importance to policymakers, bankers, financial executives, and academics.

Harmful Tax Competition An Emerging Global Issue

Harmful Tax Competition An Emerging Global Issue PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264162941
Category :
Languages : en
Pages : 82

Book Description
Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.

The Politics of Corporate Taxation in the European Union

The Politics of Corporate Taxation in the European Union PDF Author: Claudio Radaelli
Publisher: Routledge
ISBN: 1135106312
Category : Business & Economics
Languages : en
Pages : 270

Book Description
This study explores the formation of the European Union's tax policy and asks why member states did not raise objections to it. The author's analysis is enriched by two further levels of inquiry. Firstly, he examines the 'Europeanization' of domestic tax policy in Italy and the UK, asking how domestic policy has changed and what is meant by 'Europeanization'. Secondly, he puts the European Union tax policy in the wider context of tax globalization. Will the liberalization of capital movement, tax havens and the flexibility of multinationals in managing their taxable incomes wreck the European Union's fragile tax policies?
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