Press Release: 2011 Report ‘Tax reforms in EU Member States’: EU Member States face challenges in tax policies

The consequences of the financial and economic crisis are deeply reflected in Member States' government revenues. Having implemented a wide range of tax stimulus measures from 2008 to 2010, the focus of tax policy has now clearly shifted towards a much needed consolidation of public finances in Member States. This is even more necessary in light of the difficulties currently faced by some Member States in refinancing their sovereign debt.