Li, Chunding; Whalley, John - In: CESifo economic studies : CESifo, a joint initiative of … 63 (2017) 1, pp. 24-44
This paper discusses how joint cross country indirect tax initiatives can be used to achieve global rebalancing. We suggest that if China and Germany (as major surplus countries) switch their present VAT systems from a destination principle to an origin principle, and the US (as the major...