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Abstract disponibile solo in lingua inglese
The aim of this paper is to analyse the extent to which European tax reform proposals are in line with optimality criteria. Following a brief review of relevant literature, proposals are analysed in terms of distortion and efficiency. Taxes on investment income, VAT and excise taxes, company and cross-border taxes are evaluated in this light. It is demonstrated that the new European tax system should not generally be a source of important new distortions and inefficiencies. On the contrary, it should lead to the elimination of many of these: if not immediately, at least in the medium-term, to the extent to which the avowed tax reform proposals are implemented.