plausibly exogenous VAT changes, we show that prices respond twice as much to VAT increases than to VAT decreases. Second, we … profit margins are more likely to respond asymmetrically to the VAT changes than firms operating with high profit margins …. Fourth, this asymmetry persists several years after the VAT changes take place. Fifth, using all VAT changes in the European …

stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax …

these results by studying China's 2009 VAT reform, which lowered the tax cost of investment and reduced partial … estimate a 36% investment increase. This effect is driven by investment spikes, which is consistent with the reduction of VAT …

This paper analyzes the steady state distribution of tax burdens of a Value Added Tax (VAT) in the United States using … a lifetime perspective. In contrast to an annual snapshot perspective, I find that a VAT on total expenditures would be … proportional over the lifetime. Various modifications to the VAT (zero rating necessities or giving lump sum household rebates …

(PSID) and consumption data from the Consumer Expenditure Survey (CEX). When annual income is used as a measure of economic … well-being, a VAT looks quite regressive. However, the results change significantly when the analysis is done using … lifetime income. Using two different measures of lifetime income, we find that a VAT in the United States would be proportional …

Since 2017, many U.S. cities have implemented taxes on sugar-sweetened beverages (SSBs) to decrease consumption of … impact is small in magnitude and consistent with a reduction in individual consumption of 5 calories per day per household …

, we estimate the impact of the tax on retail prices, product availability, purchases, and child and adult consumption of … exiting the stores, and (3) a follow-up household survey of adults and child beverage purchases and consumption. We use a … difference-in-differences identification strategy to estimate the impact of the tax on prices, purchases, and consumption of …

receive welfare benefits by switching the value added tax (VAT) regime from the current destination principle to an origin … principle. With the tax on exports exceeding that no longer collected on imports, revenues rise and exports fall. VAT regime … export rebates are given. Previous VAT literature stresses the neutrality of tax basis switches, which simply reflect moving …