html5-img
1 / 14

Taxation in the EU

Taxation in the EU. Responsibility for direct taxation. Within the EU, governments retain sole responsibility for levels of direct taxation –i.e. tax on personal incomes and company profits. . EU goals and tax rules.

remy
Télécharger la présentation

Taxation in the EU

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Taxation in the EU

  2. Responsibility for direct taxation • Within the EU, governments retain sole responsibility for levels of direct taxation –i.e. tax on personal incomes and company profits.

  3. EU goals and tax rules • EU goals: job creation, the EU’s competitiveness, the single market and free movement of capital.  • Tax rules have to be consistent with these goals

  4. The role of the Commission • The European Commission promotes co-ordination and coherence, particularly where more than one member state is involved in taxation issues, to avoid double taxation, discrimination or excessive costs from having to comply with the rules of more than one tax system, or abuse of tax position in order to avoid or evade tax.

  5. The role of ECJ • Where the single market, free movement of capital or individuals’ rights are being undermined by tax rules, the European Court of Justice is the ultimate arbiter of what is right

  6. VAT • VAT rates are an exception as they are fundamental to a properly functioning single market. Nevertheless, there is considerable leeway for national differences in VAT rates. • There is a minimum rate of 15% for VAT on most goods and services

  7. Excise taxes • Changes and differences in excise tax on petrol, drinks or cigarettes can very easily distort competition, so these are also subject to some common rules. • Cultural differences are respected, for example in the approach to taxing beer and wine.

  8. Company tax • In the area of company tax, the EU has two goals: preventing harmful tax competition between member states and supporting the principle of free movement of capital.

  9. Pension rights • The European Commission takes action to ensure that EU citizens are not deterred from working in other EU countries by problems with transfer and taxation of pension rights.

  10. Savings • EU citizens can place their savings where they think they will get the best return. However, tax remains due in their country of residence

  11. Find English terms for the following: • Jedinstveno tržište • Konkurentnost • Sloboda kretanja kapitala • Zaštita nacionalne autonomije • Utajiti porez • Oporezivi prihod u više od jedne zemlje članice EU

  12. The role of indirect taxes • Read the paragraph and make notes! Answer the following questions: • When is a higher VAT rate allowed? • What are lower rates reserved for? • What are excise taxes subject to? • How can tax differences across the EU be exploited? • Why is keeping up with advances in technology important?

  13. What do following phrases mean? • Necesseties of daily life • To disrupt the single market • To distort competition • To accommodate special national circumstances • A system built up piecemeal • Pay-per-view television from cyberspace

  14. An equitable approach to savings and pension • Read the paragraph and explain the meaning of the word ‘equitable’ in the title!

More Related