![The Impact of High Inflation on Tax Revenues across Europe](https://taxfoundation.org/wp-content/uploads/2024/06/AdobeStock_522977445-300x200.jpeg)
All Related Articles
![Consumption taxes in Europe, reliance on consumption taxes in Europe, reliance on consumption tax revenue in Europe, taxes on goods and services in Europe](https://taxfoundation.org/wp-content/uploads/2021/03/Reliance-on-consumption-tax-revenue-in-europe-reliane-on-consumption-taxes-in-europe-2021-300x285.png)
Reliance on Consumption Taxes in Europe
Hungary relies the most on consumption tax revenue, at 45.3 percent of total tax revenue, followed by Latvia and Estonia at 45.1 percent and 42.4 percent, respectively.
2 min read![Reliance on social insurance taxes in Europe. Reliance on social insurance tax revenue in Europe 2021](https://taxfoundation.org/wp-content/uploads/2021/02/Reliance-on-Social-Insurance-Taxes-in-Europe.-Reliance-on-social-insurance-tax-revenue-in-Europe-300x285.png)
Reliance on Social Insurance Tax Revenue in Europe
Social insurance taxes are the second largest tax revenue source in European OECD countries, at an average of 29.5 percent of total tax revenue.
2 min read![Reliance on individual income tax revenue in Europe 2019](https://taxfoundation.org/wp-content/uploads/2021/02/Reliance-on-individual-income-tax-revenue-in-Europe-2019-300x285.png)
Reliance on Individual Income Tax Revenue in Europe
Denmark relies the most on revenue from individual income taxes, at 52.4 percent of total tax revenue, followed by Iceland and Ireland at 40.8 percent and 31.5 percent, respectively.
1 min read![Reliance on corporate tax revenue in Europe 2021 reliance on corporate income taxes in Europe how much do countries in europe rely on corporate income taxes? revenue from corporate income](https://taxfoundation.org/wp-content/uploads/2021/02/Reliance-on-corporate-tax-revenue-in-Europe-2021-reliance-on-corporate-income-taxes-in-Europe-how-much-do-countries-in-europe-rely-on-corporate-taxes-300x285.png)
Reliance on Corporate Income Tax Revenue in Europe
Despite declining corporate income tax rates over the last 30 years in Europe (and other parts of the world), average revenue from corporate income taxes as a share of total tax revenue has not changed significantly compared to 1990.
1 min read![EU tax research The European Commission and the Taxation of the Digital Economy EU digital levy](https://taxfoundation.org/wp-content/uploads/2021/02/eu-european-union-linkedin-3-300x157.jpeg)
The European Commission and the Taxation of the Digital Economy
The consultation on the EU’s digital levy provides an opportunity for policymakers and taxpayers to reflect on the underlying issues of digital taxation and potential consequences from a digital levy. Unless the EU digital levy is designed with an OECD agreement in mind, it is likely to cause more uncertainty in cross-border tax policy.
12 min read![2021 financial transaction taxes in Europe, 2021 financial transaction tax Europe. European OECD countries impose a type of FTT.](https://taxfoundation.org/wp-content/uploads/2021/02/2021-Financial-Transaction-Taxes-in-Europe-FTT-01-300x285.png)
Financial Transaction Taxes in Europe
Belgium, Finland, France, Ireland, Italy, Poland, Spain, Switzerland, Turkey, and the United Kingdom currently levy a type of financial transaction tax
2 min read![Value-added taxes (VAT) make up approximately one-fifth of total tax revenues in Europe. Actionable VAT Policy Gap in Europe](https://taxfoundation.org/wp-content/uploads/2021/01/Value-added-taxes-VAT-make-up-approximately-one-fifth-of-total-tax-revenues-in-Europe.-Actionable-VAT-Policy-Gap-in-Europe-300x290.png)
Actionable VAT Policy Gap in Europe
Value-added taxes (VAT) make up approximately one-fifth of total tax revenues in Europe. However, European countries differ significantly in how efficiently they raise VAT revenues. One way to measure a country’s VAT efficiency is the VAT Gap.
3 min read![R&D tax incentives, Research and development tax incentives, R&D tax subsidies and R&D tax subsidy policies in Europe](https://taxfoundation.org/wp-content/uploads/2021/01/Tax-Subsidies-for-RD-Expenditures-in-Europe-RD-Tax-Subsidies-in-Europe-Research-and-Development-Tax-Subsidies-in-Europe-2021-01-300x290.png)
Tax Subsidies for R&D Expenditures in Europe, 2021
Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D tax incentives.
4 min read![Integrated Tax Rates on Corporate Income in Europe, Top Integrated Tax Rates on Corporate Income Distributed as Dividends in European OECD Countries, 2020](https://taxfoundation.org/wp-content/uploads/2021/01/Integrated-Tax-Rates-on-Corporate-Income-in-Europe-300x290.png)
Integrated Tax Rates on Corporate Income in Europe
The integrated tax rate on corporate income reflects both the corporate income tax and the dividends or capital gains tax—the total tax levied on corporate income. For dividends, Ireland’s top integrated tax rate was highest among European OECD countries, followed by France and Denmark
3 min read![2021 Value-Added Tax Rates in Europe, 2021 VAT rates in Europe](https://taxfoundation.org/wp-content/uploads/2021/01/2021-Value-Added-Tax-VAT-Rates.-2021-VAT-Rates-01-300x290.png)
VAT Rates in Europe, 2021
More than 140 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on goods and services.
4 min read![New Year's Eve taxes, Sparkling wine taxes in Europe](https://taxfoundation.org/wp-content/uploads/2020/12/Sparkling-Wine-taxes-in-Europe-2020-01-296x300.png)
Sparkling Wine Taxes in Europe
This week, people around the world will celebrate New Year’s Eve, with many opening a bottle of sparkling wine to wish farewell to—a rather consequential—2020 and offer a warm welcome to the—by many of us, long-awaited—new year 2021.
1 min read![Wealth taxes in Europe, 2020. European countries with a wealth tax, net wealth tax, wealth tax on selected assets](https://taxfoundation.org/wp-content/uploads/2020/12/Wealth-Taxes-in-Euorpe-2020-European-Countries-with-a-Wealth-Tax-300x289.png)
Wealth Taxes in Europe, 2020
Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth tax is similar to a real property tax. But instead of only taxing real estate, it covers all wealth an individual owns. As today’s map shows, only three European countries covered levy a net wealth tax, namely Norway, Spain, and Switzerland. France and Italy levy wealth taxes on selected assets but not on an individual’s net wealth per se.
3 min read![Reduced Corporate Income Tax Rates for Small Businesses in Europe](https://taxfoundation.org/wp-content/uploads/2020/12/Reduced-CIT-rates-for-Small-Businesses-FV-300x296.png)
Reduced Corporate Income Tax Rates for Small Businesses in Europe
Corporate income taxes are commonly levied as a flat rate on business profits. However, some countries provide reduced corporate income tax rates for small businesses
2 min read![patent box regimes, European intellectual property tax, IP, patent box regimes, IP regimes, licensing](https://taxfoundation.org/wp-content/uploads/2020/07/Patent-Box-2020-November-01-290x300.png)
Patent Box Regimes in Europe
Patent box regimes (also referred to as intellectual property, or IP, regimes) provide lower effective tax rates on income derived from IP.
4 min read![Comparing Europe's Tax Systems: International Tax Rules. Best and worst international tax systems in Europe 2020, Europe international tax systems, Europe international tax](https://taxfoundation.org/wp-content/uploads/2020/11/International-Tax-Rules-2020-ITCI-01-300x289.png)
Comparing Europe’s Tax Systems: International Tax Rules
International tax rules define how income earned abroad and by foreign entities are taxed domestically, making them an important element of a country’s tax code.
3 min read![Comparing Europe's Tax Systems: Property Taxes. Best and worst property tax systems in Europe 2020, Europe property taxes](https://taxfoundation.org/wp-content/uploads/2020/11/Property-2020-ITCI-01-300x289.png)
![Comparing Europe's Tax Systems: Consumption Taxes. Best and worst consumption tax systems in Europe 2020](https://taxfoundation.org/wp-content/uploads/2020/11/ITCI-Consumption-FV-01-300x289.png)
Comparing Europe’s Tax Systems: Consumption Taxes
How do consumption tax codes compare among European OECD countries? Explore our new map to see how consumption tax systems in Europe compare.
2 min read![Comparing Europe’s Tax Systems: Individual Taxes, Best and worst individual tax systems in Europe 2020](https://taxfoundation.org/wp-content/uploads/2020/10/Comparing-Europes-Tax-Systems-Best-and-worst-Individual-tax-systems-in-Europe-300x289.png)
Comparing Europe’s Tax Systems: Individual Taxes
How do individual income tax codes compare among European OECD countries? Explore our new map to see how individual income tax systems in Europe compare.
3 min read![UK tax reform, 2021 budget UK 2021 budget, UK corporate tax reform, UK corporation tax rate](https://taxfoundation.org/wp-content/uploads/2020/10/uk-london-united-kingdom-300x200.jpg)
A Framework for the Future: Reforming the UK Tax System
Our new guide identifies key areas for improvement in UK tax policy and provides recommendations that would support long-term growth without putting a dent in government revenues.
24 min read![Comparing Europe’s Tax Systems: Corporate Taxes, Best and Worst Corporate Tax Systems in Europe 2020, best and worst corporate tax systems in Europe, best and worst corporate tax codes in Europe](https://taxfoundation.org/wp-content/uploads/2020/10/Corporate-ITCI-01-300x289.png)
Comparing Europe’s Tax Systems: Corporate Taxes
A tax code that is competitive and neutral promotes sustainable economic growth and investment while raising sufficient revenue for government priorities.
3 min read