Personal Tax in the European Union

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This first report examines the extent to which personal taxation and employee social security impacts the net income of employees across the whole of the European Union. Clearly the political agenda of the various nations has a significant impact on the results, as Governments look to raise revenues, adjust their budgets and to provide “services” to their people. However, while these national differences must be acknowledged, we see an analysis of the impact of personal taxation and social security on net incomes to be extremely relevant. 

At the end of the day, the majority of employees go to work with an eye on how much they will ultimately take home (net) and how much will be “taken” by the authorities! As we continue this survey over the coming years (we intend this to be an annual report), we hope to identify trends in the approach to the taxation of employees. For example, will there be a relative shift away from the burden of taxation placed on employees. If so, what will be the target of the legislators to fill the budgetary holes – will there be a greater reliance on consumption taxes, property taxes, or indeed the taxation of the corporate.