Tax revenues and tax reforms in the EU
The financial and economic crisis resulted in severe challenges for public finances in many EU Member States. Tax revenue, which had been boosted during the boom years by tax-rich growth and rising asset prices, plummeted as a consequence of the automatic stabilisers inherent in the tax system, a reversal of the revenue windfalls from asset prices and the discretionary measures taken in support of domestic demand. Against this background, this European Commission report analyses tax revenue developments and recent tax reforms in EU Member States.
Beyond Copernicus:From Confusion to Consensus?
The 2000 Copernicus reform has faded away before flourishing. Belgium has the highest public spending and public employment in the OECD and still the relative quality and quantity of public services remain disappointing. With so many challenges ahead such as globalisation, population aging, the race for talents, the digital revolution, it is urgent to send a wake-up call for a government that is steering and not rowing. Jean Hindriks makes the diagnosis and suggests several “quick wins”.
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