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International Vat Harmonization Economic Effects

This paper highlights key macroeconomic issues related to VAT harmonization. A model is developed which emphasizes the effects of changes in the time profile of various taxes on international behavior. Dynamic simulations reveal that the macroeconomic and welfare implications of VAT harmonization, i...

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Bibliographic Details
Main Author: Frenkel, Jacob
Other Authors: Symansky, Steven, Razin, Assaf
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1991
Series:IMF Working Papers
Subjects:
Revenue Administration
Wealth
Public Finance & Taxation
Taxes
Saving
Corporations; Taxation
National Accounts
Business Taxes And Subsidies
Consumption; Economics
Taxation, Subsidies, And Revenue: General
Consumption Taxes
Consumption
Income Tax Systems
Corporate & Business Tax
Corporate Taxation
Macroeconomics
Macroeconomics: Consumption
Cash-flow Tax
Taxation
Value-added Tax
Public Finance
Spendings Tax
Revenue
Income Tax
United Kingdom
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper highlights key macroeconomic issues related to VAT harmonization. A model is developed which emphasizes the effects of changes in the time profile of various taxes on international behavior. Dynamic simulations reveal that the macroeconomic and welfare implications of VAT harmonization, including conflicts of interest, depend critically on the tax system and the degree of substitution governing temporal and intertemporal allocations. We also demonstrate that the effects of revenue-neutral tax conversions between income and consumption tax systems undertaken by a single country depend critically on international differences in behavior
Physical Description:48 pages
ISBN:9781451921175

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