EUROPE: New Report Analysing the VAT Policy Gap
18 March 2023 | Tax Foundation / United States
The Tax Foundation recently released the VAT Expansion and Labor Tax Cuts report.
The value-added tax (VAT) is a major source of revenue for EU countries. For Member States, it represents on average 17.8 percent of their total tax revenue. For the EU, VAT revenue represented roughly 7.5 percent of its total revenue in 2021.