Taxes

This time is not about the size, shape and texture of peas or plums. It’s about one of the main economic sector in the EU: about 13 million Europeans work…

WP 2023-01. Executive Summary Today’s views and analyses about taxation are dominated by the social-welfare approach based on various categories of utilitarianism, most notably those developed by the optimal-tax literature.…

Modern states carry out intense redistribution. In brief, they modify the holdings of particular persons, collective agents or groups. Tax-transfers and public expenditure are an important tool through which redistribution…

WP 2022-09. Executive Summary This paper examines the assumptions that traditional companies are subjected to a higher level of taxation companies than digital companies. Our paper calculates the effective corporate…

In January 2021 the UK left the EU single market and customs union, but, only eighteenth months on, some within Boris Johnson’s own party are starting to have second thoughts…

WP 2022-02. Exectutive Summary Whether the household or the individual should be the appropriate unit for the assessment of taxation is contested in economics. We argue that the household should…

As part of the White House 2023 fiscal year budget, President Joe Biden announced the introduction of a new tax on the wealthiest Americans: the “Billionaire Minimum Income Tax.” The…

Mario Draghi’s government is about to approve an eight-billion euro tax cut – about 1.5% of the estimated 2021 tax revenues. Is this a credible a promise or just an illusion?
The restrictions that followed Covid-19 have taken a heavy toll. Last year, GDP dropped about 9%, tax revenues decreased, and government expenditure soared. As a result, the budget deficit reached around 9.5% of GDP. The 2021 figure should be about the same. Of course, public debt has also risen and is expected to reach 150% of GDP by the end of this year (see Fig. 1).

Since the 2006 reform, Germany’s federal states are free to set the tax rate concerning real estate transfers. Yet, decentralising tax power has not led to lower taxation. In fact, the opposite happened: since 2006, average tax levels for real estate have risen from 3.5% to 5.4%,: no state has ever decreased the tax rate, and except for Bavaria and Saxony, all states have increased the rate at least once.

Morocco is one of the most dynamic economies in the African continent. It has a remarkable reputation in the region for opening its economy, privatization, and increasing the role of the private sector. However, Moroccan governments have consistently neglected to reform the tax system and thus encourage risk-taking, investment and entrepreneurship.
Similar to the developing countries with little or no energy resources, taxation is the main contributor to the Moroccan state budget. The Moroccan tax system is affected by a set of imbalances and problems that regard both the structure and the burden of taxation. Despite some reforms in the 1990s, the tax system is still characterized by heavy pressure and inefficient bureaucracy, even compared to other developing countries. In 1999, 2013, and 2019 the government organized three National Conferences with a view to modernizing and simplifying the tax system. Nothing came out of them.