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2011 edition of the ‘Taxation Trends’ report  Marco Fantini Head of Section « Quantitative analysis of taxation PowerPoint Presentation
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2011 edition of the ‘Taxation Trends’ report  Marco Fantini Head of Section « Quantitative analysis of taxation «  DG TAXUD. The impact of the crisis on GDP growth. -5.3%. -8.2%. -5.2%. -13.9%. -18%. -3.9%. -14.7%. -7.6%. -4.9%. 1.7%. -2.8%. -4.7%. -4.1%. -4.8%. -2.6%. -3.9%.

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2011 edition of the ‘Taxation Trends’ report 

Marco Fantini

Head of Section « Quantitative analysis of taxation « 

DG TAXUD

slide3

-5.3%

-8.2%

-5.2%

-13.9%

-18%

-3.9%

-14.7%

-7.6%

-4.9%

1.7%

-2.8%

-4.7%

-4.1%

-4.8%

-2.6%

-3.9%

-6.7%

-7.1%

-5%

-8.1%

-4.9%

-3.7%

-2.3%

-2.5%

-3.7%

-1.7%

-1.9%

change in budget balance 2008 2009
Change in budget balance (2008-2009)

Average revenue drop: 0.6% of GDP

Average expenditure increase: 4% of GDP

budgetary impact of tax measures by type of measure 2009
Budgetary impact of tax measures by type of measure, 2009

Tax-cutting measures

Revenue-raising measures

slide12

25%

22%

25%

20%

21%

19%

19%

21.5%

15%

22%

-2.8%

21%

19%

19%

19%

19.6%

20%

25%

19%

20%

20%

20%

16%

19%

20%

15%

15%

18%

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25%

23%

25%

20%

21%

19%

21%

21%

17.5%

22%

-2.8%

21%

19%

20%

19%

19.6%

20%

25%

24%

20%

20%

20%

18%

23%

21%

15%

15%

18%

slide14

25%

23%

25%

20%

22%

19%

21%

21%

20%

23%

-2.8%

21%

19%

20%

20%

19.6%

20%

25%

24%

20%

20%

20%

18%

23%

23%

15%

15%

18%

crisis has not reversed but possibly slowed the steep decline in corporate tax rates
Crisis has not reversed, but possibly slowed, the steep decline in corporate tax rates

Development of statutory CIT rate (adj.)

the average decline in pit rates has stopped
The average decline in PIT rates has stopped

Note: Including local taxes and surcharges

slide19
Trend to reduce labour taxes for low-income earners continuesTax wedge on labour for worker at 2/3 of average earnings
summing up
Summing up

REVENUES

  • Sharp decline in tax revenues in 2009, due to recession
  • To fight the recession, Member States relied more on expenditure increases than tax cuts,
  • … but even at the height of the crisis, a number of Member States were able to introduce tax cuts, and these focussed on labour taxes
  • Energy tax revenues and ITRs on Energy up in 2009, breaking long trend

RATES

  • Clear trend towards increases in indirect taxes, right up to present
  • Corporate tax rates seem to be stabilising
  • Average top PIT rates pick up in euro area, decline slightly in EU average
additional information
Additional information
  • The full report and a booklet with the main results are available at the following address:
  • http://ec.europa.eu/taxtrends
  • Thank you!