exemptions and differentiated rate structures violate the logic and functionality of the VAT. The exemptions distort input …The European Commission is evaluating the performance of the common VAT, which has many shortcomings. The numerous … choices and outsourcing policies. Reduced rates are ill-targeted tools for mitigating the regressivity of the VAT. In view of …

The harmonized European value-added tax (VAT) is anything but a modern consumption tax that taxes all goods and … taxed on output but on inputs. This has serious consequences. The VAT exemptions distort input choices, stimulate … uneconomical self-supply, and complicate administration and compliance. The welfare costs of the exemptions can be estimated at one …

transfers and public goods are each integrated into a common optimal tax framework with the income tax and commodity taxes at … the core. Additional topics addressed include a range of dynamic issues, the unit of taxation, tax administration and … enforcement, and tax equity. …

International Financial Reporting Standards (IFRS) meets the requirements of a Common Consolidated Corporate Tax Base (CCCTB) for … the effective levels of company tax burdens in selected EU member states if IFRS are considered as a tool for defining the … tax base. Our analysis reveals that IFRS could provide elements of a common and harmonised European tax base in certain …