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Value-Added Tax As An Instrument Of The European Union Member-States’ Discretionary Fiscal Policy Over The Last Decade

Author

Listed:
  • Taner Ismailov

    (D. A. Tsenov Academy of Economics - Svishtov, Svishtov, Bulgaria)

  • Alexandrina Alexandrova

    (D. A. Tsenov Academy of Economics - Svishtov, Svishtov, Bulgaria)

Abstract

The global financial crisis has led to a significant increase in budget deficits in some EU Member States. In the same time and the European Debt Crisis has necessitated the application of fiscal policy instruments to bring economic systems in relative balance. Among the fiscal instruments that have the fastest impact on the size of budget revenue is the value-added tax. In 2010, some EU Member States undertook a course to raise VAT rates or in other words they put into practice the specific instruments of discretionary fiscal policy. Changes in the value-added tax rates in some Member States have led the research team to the idea to conduct a more in-depth study of tax rates and their effectiveness in increasing EU's tax revenue over the last 10 years.

Suggested Citation

  • Taner Ismailov & Alexandrina Alexandrova, 2020. "Value-Added Tax As An Instrument Of The European Union Member-States’ Discretionary Fiscal Policy Over The Last Decade," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 180-191.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:180-191
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    More about this item

    Keywords

    fiscal policy; indirect taxes; VAT; European Union;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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