The influence of the taxation of financial services in VAT on financial sector size is analyzed empirically. The … analysis that states financial VAT has no significant effect on financial sector development, being neutral in relation to this …

Has the VAT proved, as its proponents claim, an especially effective form of taxation? To address this, this paper … first shows that a tax innovation-such as the introduction of a VAT- reduces the marginal cost of public funds if and only … system of equations describing the probability of VAT adoption and the revenue impact of the VAT. The sign of the revenue …

In an earlier paper, titled "Non-linear effects of tax changes on output: The role of the initial level of taxation …