European Taxation System

The European taxation system involves taxes collected by individual countries across Europe to fund public services like healthcare, education, and infrastructure. Countries set their own tax rates and rules, but many cooperate through EU agreements for VAT (value-added tax) on goods and cross-border transactions. Tax authorities ensure businesses and individuals comply with regulations, and there’s ongoing effort to harmonize certain taxes across member states for fairness and efficiency. Overall, it’s a complex system balancing national sovereignty with regional cooperation to support economic stability and public welfare.