burden households. We also study the implications of the financial sector’s exemption from value added taxation (VAT). Main … results are that an increased taxation of the banks’ profits goes together with a larger financial sector, as measured by the … volume of loans and the employment in banking. We also show that the general presumption that the VAT-exemption is beneficial …

Studying very detailed micro data collected around two different VAT reforms in Europe, we show that tax incidence is …

EU member states, we estimate the tax pass-through of specific beer excise taxes and ad valorem value added taxes (VAT …). VAT is under-shifted at a rate of approximately 70%. Specific excise taxes are almost fully shifted to prices in the EU …

light on their magnitudes and sensitivity to COVID-19 morbidity rates. Specifically, we find that the impact on VAT and firm …

This paper analyzes the effects of specific and ad valorem taxation in an industry with downstream and upstream … increase is more likely to be welfare reducing. We also demonstrate that downstream and upstream taxation are equivalent in the … downstream. -- Specific tax ; ad valorem tax ; value-added tax ; tax incidence ; tax efficiency ; indirect taxation ; imperfect …

An important question is whether VAT exemption of financial services is a desirable property or whether it is justified … this issue in a context allowing for other taxes and other preexisting distortions. It discusses taxation of intermediation … effects of taxing intermediate goods due to VAT exemption with focus on exports and consumer prices. …

This paper estimates the pass through of VAT changes to consumer prices, using a unique dataset providing disaggregated …, monthly data on prices and VAT rates for 17 Eurozone countries over 1999-2013. Pass through is much less than full on average …, and differs markedly across types of VAT change. For changes in the standard rate, for instance, final pass through is …

We study nonlinear income taxation in a Roy model in which agents' productivity is sectorspecific. We show that when …

replaced turnover taxes with value-added taxes for some service industries in China, while the taxation of manufacturing …