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Graphical Analysis Of Laffer'S Theory For European Union Member States

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  • Liliana Bunescu

    (Lucian Blaga University of Sibiu, Faculty of Economics, Romania)

  • Carmen Comaniciu

    (Lucian Blaga University of Sibiu, Faculty of Economics, Romania)

Abstract

Most times the current situation of one or another country depends on the historical development of own tax system. A practical question of any governance is to determine the optimal taxation rate level, bringing to the state the highest tax revenues. A good place to start is with what is popularly known as the Laffer curve. This paper aims to determine in graphical terms the level where European economies ranks by using Laffer curve based on the data series provided by the European Commission and the World Bank. Graphical analysis of Laffer's theory can emphasize only the positioning on one or another side of point for maximum tax revenues, a position that can influence fiscal policy decisions. Conclusions at European Union level are simple. Value of taxation rate for fiscal optimal point varies from one Member State to another, from 48.9% in Denmark to 28% in Romania, with an average of 37.1% for the EU-27.

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Bibliographic Info

Article provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi University of Targu Jiu Annals - Economy Series.

Volume (Year): 2 (2013)
Issue (Month): (April)
Pages: 16-23

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Handle: RePEc:cbu:jrnlec:y:2013:v:2:p:16-23

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Keywords: Laffer curve; tax optimum; taxation rate;

References

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  1. Gabriela DOBROTA & Maria Felicia CHIRCULESCU, 2012. "Analysis of the Tax Burden in Romania based on the Laffer Curve in the Period 1991-2009," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 63-68.
  2. Adina TRANDAFIR & Petre BREZEANU, 2011. "Optimality of Fiscal Policy in Romania in Terms of Laffer Curve," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(8(561)), pages 53-60, August.
  3. Zsolt Becsi, 2000. "The shifty Laffer curve," Economic Review, Federal Reserve Bank of Atlanta, Federal Reserve Bank of Atlanta, issue Q3, pages 53-64.
  4. Mathias Trabandt & Harald Uhlig, 2012. "How do Laffer curves differ across countries?," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 1048, Board of Governors of the Federal Reserve System (U.S.).
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