European Taxation

European taxation refers to the system of taxes imposed by countries within Europe to fund public services and infrastructure. While each nation sets its own tax rates and rules, there are efforts to harmonize certain aspects, like value-added tax (VAT), across the region to facilitate trade and economic stability. Tax policies aim to balance revenue generation with fairness and competitiveness, often involving income taxes, corporate taxes, social security contributions, and consumption taxes. Cooperation among European countries also helps prevent tax evasion and ensures transparent collection, supporting the economic integration and stability of the European Union.