Trésor-Economics No. 148 - Value added tax in the European Union
VAT is France's highest-yielding tax. According to the national accounts, it generated €144bn in 2013. However, VAT as a share of GDP of total taxation is relatively small by comparison with the 27-member European Union (EU-27), whereas the ratio of total taxation to GDP in France is high (44.7% in 2013).Furthermore, the VAT-to-GDP ratio has decreased since the 1970s in France.The comparatively mo... Lire la suite