Fiscal Policy Surveillance in the enlarged European Union: Procedural Checks or Simple Arithmetic?

Under the Trump administration, a transatlantic trade conflict has been escalating step by step. First, it was about tariffs on steel and aluminium, then about retaliation for the French digital tax, which is suspended until the end of the year. Most recently, the US administration threatened the European Union with tariffs on cars and car parts because of Canadian seafood being subject to lower import duties. As simulations with NiGEM show, a further escalation of the transatlantic trade conflict has the potential to slow down economic growth significantly in the countries involved. This is a considerable risk given the fact that the countries have to cope with the enormous negative effects of the pandemic shock. Furthermore, the damage caused by the trade conflict depends on the extent to which the affected countries use fiscal policy to stabilise their economies.

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Macroeconomic effects of fiscal policy in the European Union: a GVAR model

Empirical Economics ◽

10.1007/s00181-014-0843-5 ◽

2014 ◽

Vol 48 (4) ◽

pp. 1587-1617 ◽

Cited By ~ 10

Author(s):

Alejandro Ricci-Risquete ◽

Julián Ramajo-Hernández

Keyword(s):

European Union ◽

Fiscal Policy ◽

The European Union ◽

Macroeconomic Effects

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Fiscal Policy and the Democratic Process in the European Union

European Union Politics ◽

10.1177/1465116502003002004 ◽

2002 ◽

Vol 3 (2) ◽

pp. 205-230 ◽

Cited By ~ 8

Author(s):

William Roberts Clark ◽

Matt Golder ◽

Sona Nadenichek Golder

Keyword(s):

European Union ◽

Fiscal Policy ◽

Democratic Process ◽

The European Union

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Decentralization and Tax Federalism: Ways to Develop Local Self-Governance

Public Administration and Civil Service ◽

10.52123/1994-2370-2020-74-3-36-46 ◽

2020 ◽

pp. 36-46

Author(s):

Arman DUSENBINOV

Keyword(s):

European Union ◽

Fiscal Policy ◽

Local Community ◽

Current Model ◽

The European Union ◽

Self Sufficiency ◽

Fourth Level ◽

Local Government Level ◽

The Republic ◽

Government Level

This article discusses the features of implementing tax federalism in a unitary state. The article analyzes the implementation of the fourth level of the budget in the Republic of Kazakhstan, as well as the experience of tax independence of municipalities in the European Union. The article analyzes the weaknesses of the current model of financing local self-government in the Republic of Kazakhstan and the state of self-government in General. It is assumed that the system used for financing the local community does not fully use the economic and investment potential of the territories. It is proposed to introduce elements of an independent fiscal policy at the local government level in the Republic of Kazakhstan to increase the investment attractiveness and self-sufficiency of the fourth-level budgets.

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THE INFLUENCE OF THE INTEGRATION IN THE EUROPEAN UNION ON THE ROMANIAN FISCAL LEGISLATION

STUDIES AND SCIENTIFIC RESEARCHES ECONOMICS EDITION ◽

10.29358/sceco.v0i13.18 ◽

2008 ◽

pp. 56

Author(s):

Mircea Muntean ◽

Doina Pacurari

Keyword(s):

European Union ◽

Fiscal Policy ◽

Negative Impact ◽

Value Added ◽

The European Union ◽

European Directives ◽

Eu Directives ◽

Dividend Tax ◽

Excise Duties ◽

The Eu

Fiscal policy constitutes – within the state's economic policy – a system by means of which the taxes and duties owed to the country's consolidated budget are established and collected. Taking into account the role fiscal policy has been playing since Romania's admission in the European Union, one of the goals ceaselessly looked for is its adapting to the international community's acquis through the implementation of the European directives in our context. The EU directives make reference to direct taxes: dividend tax, interest income tax, assets transfer, shares exchange, income taxation for the non-residents, and so on, along with the indirect taxes: value-added tax, excise duties, etc. The paper approaches the main provisions within the contents of the European directives as well as the means of their implementation in the Romanian fiscal legislation regarding various types of taxes. The implementation of the European directives has been simultaneous with the establishing of measures concerning fiscal fraud prevention, frauds liable to have a negative impact on the state's consolidated budget.

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