Florentsen, Bjarne; Møller, Michael; Nielsen, Niels … - Copenhagen Business School - 2003
In many OECD countries, a seller has a right to reimbursement of VAT (RVAT) she has paid on goods sold, but for which she has not yet received payment. Such reimbursement of VAT on receivables is economically inefficient. It leads to: <p> • Distortion of credit markets, by subsidizing direct...</p>
