International literature consistently reveals that excessive regulation hampers economic growth. This CEPOS briefing conducted a thorough analysis of 68 studies investigating the link between regulation and growth, with most indicating a negative correlation, signifying that increased regulation impedes economic progress.
This year Credit Day for the European Union falls on the 17th of December. This is the day which, on average, EU member states have spent their tax-based revenues and start borrowing to meet their needs.
Production taxes in France have long been a contentious issue closely linked to employment and wage growth. France currently sets one of the highest levels of production taxes in the EU, which can be seen as an example of the government’s habitual over-taxation.
The latest International Tax Competitiveness Index, published by the Tax Foundation, illustrates the wide variation in the quality of tax systems across Europe.
16th December marks Credit Day across Europe. This is the day that, on average, EU Member State governments have exhausted their annual tax income and start to spend borrowed money.