Fiscal convergence among the EU Member States has constantly been one of the most important objectives of the European Union. Consequently, debates regarding new tax directives and discussions on common tax policies are always in the limelight. In the current study, the overall tax burden was considered as a descriptor of the fiscal systems of the EU Member States and used to analyze the convergence trend of taxation in the European Union. After using both statistical analysis and sigma-convergence, the conclusion is that the global financial crisis has affected fiscal convergence in the European Union by reversing the tax convergence tendency which existed among Member States until 2008.
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Published by Human Resource Management Academic Research Society (www.hrmars.com)
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