This Country Focus assesses the extent to which the recent tax-revenue increases in Cyprus is of a permanent nature or … average rate of about 3½% in real terms, significantly above the euro area. In parallel, total tax receipts increased on … average at 11% per year, leading to an average annual elasticity with respect to GDP of about 1½. This increase in tax …

with social transfers. The potentially distortive effects of the Italian tax-benefit system on labour market outcomes are … discussed in the light of the available evidence. It is concluded that, while in the medium-term the overall tax burden in Italy … revenue-neutral and efficiency-enhancing tax reforms that help boost employment. In any case, some difficult policy choices …

Expressed in terms of GDP, tax revenues have been steadily decreasing in Greece since 2000. This is happening in a … appear that factors other than growth strength and composition, such as those associated with inefficiencies in tax … administration, are hampering tax collection. Although recent efforts to improve tax administration appear to have lessened the …