"Tax revenue in Portugal accounted for 34.8% of GDP", Observatorio das desigualdades, 17/01/2012.
In 2010 Denmark was the EU-27 country who collected the highest tax revenue in terms of GDP : 48.5%. In the Northern Europe countries, Belgium, France, Austria and Italy this revenue is also higher than the average of EU-27 and Euro Area : 40,2% and 39,6%, respectively. In Portugal this indicator stood at 34.8%, well below EU-27 average, but higher than in Greece, Ireland or Spain. The countries which have joined the EU since 2004 are the ones who have the lowest revenues from taxes.
According to Eurostat data, the economic and financial crisis had a strong impact on general government tax revenues. Between 2007 and 2010 these revenues decreased one percentage point in the EU-27 countries :
“This means that both in the euro area and in the European Union, tax revenue in terms of GDP has fallen to its lowest point in the period from 1995 onwards.” (Eurostat)
General government tax revenue can be grouped in three main categories : indirect tax on production and imports ; direct tax on income and wealth ; social contributions. In 2010 the relative weight of these revenues in the EU-27 countries was quite similar : social contributions accounted for 35.1% of total tax revenues, taxes on production and imports 33.3% and taxes on income and wealth 31.2%.
|Click here for information from Eurostat on Tax revenue statistics or click below to read : Laura Wahrig, "Tax revenue in the European Union", Eurostat, 02/2012. |