The Impact of Changes in Indirect Tax Rates on Inflation in Selected EU Countries

Anna Moździerz

Abstract


The aim of the article is to identify the extent to which the price index in the EU countries was shaped by changes in indirect tax rates. In order to ensure the comparability of data, the analysis was based on the harmonised index of consumer prices (HICP) and the harmonised index of consumer prices at constant tax rates (HICP-CT). Six countries with the biggest difference between the HICP and HICP-CT were selected for an in-depth analysis of changes in VAT and excise duties: Romania, Hungary, Greece and the Baltic countries. The study covered the 2007–2016 period. On the basis of the study one can conclude that the structure of the tax system with a high proportion of indirect taxes equips fiscal authorities with tools to influence the prices.


Keywords


indirect taxes; inflation; HICP; HICP at constant taxes

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DOI: http://dx.doi.org/10.17951/h.2017.51.4.257
Data publikacji: 2017-12-08 15:26:46
Data złożenia artykułu: 2017-04-21 15:32:38


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