Tax harmonization

Tax harmonization

Tax harmonization refers to the process of making taxes identical or at least similar in a region. In practise, it usually means increasing tax in low-tax jurisdictions, rather than reducing tax in high-tax jurisdictions or a combination of both. The best example is the European Union where all countries must have a value added tax of at least 15%.

References

* [http://economics.about.com/cs/moffattentries/a/harmonization.htm Tax Harmonization versus Tax Competition: A Review of the Literature]


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • tax harmonization — The process of increasing the compatibility of various taxation systems by limiting the variations between them. The main areas of difference in taxation are the tax base and the rates of tax applicable. There is often strong resistance to tax… …   Accounting dictionary

  • tax harmonization — The process of increasing the compatibility of various taxation systems by limiting the variations between them. The main areas of difference in taxation are the tax base and the rates of tax applicable. There is often strong resistance to tax… …   Big dictionary of business and management

  • Tax competition — exists when governments are encouraged to lower fiscal burdens to either encourage the inflow of productive resources or discourage the exodus of those resources. Often, this means a governmental strategy of attracting foreign direct investment,… …   Wikipedia

  • Tax treaty — Taxation An aspect of fiscal policy …   Wikipedia

  • harmonization — harmonize har‧mo‧nize [ˈhɑːmənaɪz ǁ ˈhɑːr ] also harmonise verb [transitive] to make two or more systems, sets of rules etc more similar so that they work better together: • a European Commission directive to harmonise rules on copyright in… …   Financial and business terms

  • Tax — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax rate — For a type of taxation system in the United Kingdom and elsewhere, see Rates (tax). Taxation An aspect of fiscal policy …   Wikipedia

  • Tax rates around the world — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax noncompliance — Taxation An aspect of fiscal policy …   Wikipedia

  • Tax deduction — This article is about the deduction of expenses for the purpose of calculating taxable income. For tax deducted at source, see Withholding tax. Taxation An aspect of fiscal policy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”