The study investigates how government can implement an increase in the rate of value-added tax (VAT) to ensure that the final rate of 15% is achieved in a way that satisfies the public (households and business community) and also ensures maximum revenue generation for the government. The...

Aim/purpose - This study sought to assess the impact of an increased historical fixed VAT rate of 14% to the current rate of 15% on the South African economy. Design/methodology/approach - The method applied in this study was based on a Dynamic Computable General Equilibrium (CGE) model to...

This paper develops and calibrates a simple general equilibrium model with two types of labor and capital for the French economy. The simulation results indicate that targeted reduction in employer social security taxes, financed by a broad-based income tax, have six times as large an effect on...