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Effects of adopting a value-added tax
Author: Estados Unidos. Congreso
Publisher:
Published: 1992
Total Pages: 79
ISBN-13:
DOWNLOAD EBOOK →The Effects of Adopting a Value Added Tax on Firms
Author: David R. Agrawal
Publisher:
Published: 2022
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOK →Value-added taxes (VAT) are a common way of raising revenue. While many countries have adopted a VAT in the last 30 years, they often adopt systems that deviate from textbook principles. The net effect on firms is therefore unclear. We construct a dataset of product- and state-specific tax rates before and after India switched from a sales tax to a VAT. Exploiting staggered state-level adoptions, we show that sales increased by 50% in the medium run. Even though India's VAT contained undesirable provisions, the decline in effective tax rates induced by the reform allowed firms to increase earnings and capital.
The Value Added Tax and Growth: Design Matters
Author: Mr.Santiago Acosta Ormaechea
Publisher: International Monetary Fund
Published: 2019-05-07
Total Pages: 38
ISBN-13: 149831418X
DOWNLOAD EBOOK →Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countries over the 1970-2016 period, this paper examines whether the value added tax (VAT) may have different effects on long-run growth depending on whether it is raised through the standard rate or through C-efficiency (a measure of the departure of the VAT from a perfectly enforced tax levied at a single rate on all consumption). Our key findings are twofold. First, for a given total tax revenue, a rise in the VAT, financed by a fall in income taxes, promotes growth only when the VAT is raised through C-efficiency. Second, for a given VAT revenue, a rise in Cefficiency, offset by a fall in the standard rate, also promotes growth. The implication is thus that in OECD countries broadening the VAT base through fewer reduced rates and exemptions is more conducive to higher long-run growth than a rise in the standard rate.
Effects of Adopting a Value-added Tax
The Value-Added Tax
Author: Ben Lockwood
Publisher: International Monetary Fund
Published: 2007-07
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOK →Has the VAT proved, as its proponents claim, an especially effective form of taxation? To address this, this paper first shows that a tax innovation-such as the introduction of a VAT- reduces the marginal cost of public funds if and only if it also leads an optimizing government to increase the tax ratio. This leads to the estimation, on a large panel, of a system of equations describing the probability of VAT adoption and the revenue impact of the VAT. The sign of the revenue impact is generally ambiguous, but most countries that have adopted a VAT seem to have gained a more effective tax instrument in doing so.
How to Manage Value-Added Tax Refunds
Author: Mario Pessoa
Publisher: International Monetary Fund
Published: 2021-05-10
Total Pages: 29
ISBN-13: 1513577042
DOWNLOAD EBOOK →The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.
The VAT Reader
The Effect of a Value-added Tax on Small Business
The Value-added Tax
Author: Henry J. Aaron
Publisher:
Published: 1981
Total Pages: 136
ISBN-13:
DOWNLOAD EBOOK →Monograph of conference papers providing a comparison of value added tax experiences and fiscal policy issues in six Western European countries - discusses transition to VAT and current structures, tax collection, income distribution effects, economic implications for consumer expenditure, consumer prices, trade, investment, etc., and lessons for the USA. References and statistical tables. List of participants. Conference held in Washington 1980 Oct.
