VAT Rates in Europe, 2024
A few European countries have made changes to their VAT rates, including the Czech Republic, Estonia, Switzerland, and Turkey.
3 min read
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If tax increases are included in a package, international experience points toward raising consumption taxes, rationalizing tax expenditures, and broadening the tax base—not hiking income taxes.
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The Tax Policy Implications of the Spanish Elections at the Regional, National, and European Levels
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Why the Estonian Tax System Would Remain Competitive after Tax Reform
When a country has a broad base with a simple and transparent tax code, small rate changes have little influence. Therefore, policymakers shouldn’t only focus on rate changes when it comes to increasing tax competitiveness.
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When it comes to EU-level tax policy ideas, competitiveness seems to be less of a priority than raising revenue or pursuing social objectives.
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Tax Policy and Economic Downturns in Europe
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Insights into the Tax Systems of Scandinavian Countries
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VAT Carveouts in Portugal
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Spain Is Doubling Down on Poor Tax Policy
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Chile Needs Pro-Growth Tax Reform
As Chile looks to the future, policymakers might want to follow the UK’s example. Policymakers should focus on growth-oriented tax policies that encourage private and foreign direct investment, savings, and entrepreneurial activity, increasing Chile’s international tax competitiveness.
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Sources of U.S. Tax Revenue by Tax Type, 2023 Update
Different taxes have different economic effects, so policymakers should always consider how tax revenue is raised and not just how much is raised.
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The EU’s Windfall Profits Tax: How “Tax Fairness” Continues to Get in the Way of Energy Security
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VAT Rates in Europe, 2023
The EU countries with the highest standard VAT rates are Hungary (27 percent), Croatia, Denmark, and Sweden (all at 25 percent). Luxembourg levies the lowest standard VAT rate at 16 percent, followed by Malta (18 percent), Cyprus, Germany, and Romania (all at 19 percent).
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