With European elections coming up in May 2019, you probably want to know how the European Union impacts your daily life, before you think about voting. In the latest in a series of posts on what Europe does for you, your family, your business and your wellbeing, we look at what Europe does for young taxpayers.
Twitter Hashtag #EUandME
If you are just starting out in your working life, taxes can seem a bit scary, but they are the price of a modern and fair society. Learning about the basic principles of a modern tax system can prove very useful. Taxes pay for healthcare, education, infrastructure like roads and bridges, and much more. To achieve a more equal and inclusive society in the EU, all citizens need to make a fair contribution. It is important, therefore, to understand why we pay taxes and know how to pay them.
To help you understand what can seem a very complex system, and gain basic financial skills, a pilot European project, TAXEDU, provides a wealth of material on taxation, including a forum where young people are welcome to discuss their experience of the different tax systems that exist in the EU. The project also provides resources for teachers, and several e-learning and microlearning tools. Children can learn what taxes are used for and in which situations they also pay taxes, while teenagers can learn about the basic principles of collective action, why taxation is legitimate and what the different types of tax are. More practically, the project can help young adults learn how to pay taxes as an employee, self-employed person, or as a young entrepreneur.
- European Union website on TAXEDU, https://europa.eu/taxedu/home_en