European experience of anti-crisis tax regulation

Abstract

Based on the analysis of statistical indicators, crisis periods for the economies of the EU member states have been identified. The impact of fiscal stimulation measures of the economy on expenses and tax revenues in individual EU member states is analyzed. The dynamics of changes in the highest statutory rates of personal income tax and corporate income tax in the EU member states in 2007–2021 are highlighted. It is established that during the global financial crisis, many EU member states introduced additional measures of anti-crisis tax regulation. Measures to reduce tax rates and introduce other tax preferences have become especially common. The peculiarities of tax incentives for businesses during the spread of the COVID-19 pandemic are considered. It was concluded that the selection of the incentive tool depended on the socio-economic situation in the country, the need to support certain sectors of the economy, and the ability of governments to reduce the tax burden while maintaining financial stability. The forecast of the impact of Russia's war against Ukraine on the functioning of the taxation sphere is given.