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EU Commission pushes for Direct to Indirect tax shift
Zone(s): Europe ¦ Sector(s): Tax
According to Šemeta, “with a tax wedge of 46.5 percent in the Eurozone, our tax burden on labour outweighs other Organisation for Economic Cooperation and Development (OECD) countries.” The Commission has therefore called on twelve European Union (EU) member states – Austria, Belgium, the Czech Republic, Germany, France, Hungary, Italy, Latvia, Lithuania, Netherlands, Romania, and Spain – to do more to shift taxation away from labor. They should focus instead on the three Ps: of pollution, property and purchases.
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