Taxation to the rescue? A tax reform to support EU economic recovery post-COVID-19. Bertelsmann Stiftung Policy Brief June 2020.

Schneemelcher, Pola (2020) Taxation to the rescue? A tax reform to support EU economic recovery post-COVID-19. Bertelsmann Stiftung Policy Brief June 2020. [Policy Paper]

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Abstract

When the Corona crisis struck and its economic damage became obvious, costly rescue packages were quickly put together across the EU. While these measures are absolutely necessary, they certainly put a strain on public budgets. This burden is further aggravated as tax revenues drop during an economic downward spiral, with struggling companies, a deteriorating labour market and falling demand. Thus, a European tax reform to support the economic recovery through increasing fiscal revenues without putting any extra burden on companies or households is a must.

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