Please use this identifier to cite or link to this item:
Nhan đề: Modelling value-added tax in the presence of multi-production and differentiated exemptions
Tác giả: Giesecke, James A.
Nhi, Tran Hoang
Từ khoá: Value added tax
Dynamic CGE model
Việt Nam
Indirect tax reform
Tùng thư/Số báo cáo: Journal of Asian Economics;Volume 21, Issue 2, April 2010, Page 156-173
Tóm tắt: We develop a framework for economy-wide modelling of value-added tax systems. Our framework models a number of complexities of VAT systems as they are implemented by tax agencies. In particular, we model multiple rates, multiple exemptions, multiple degrees of refundability across commodity users, and multi-product enterprises. A detailed VAT framework, such as that which we present in this paper, is important for correct modelling of VAT within a general equilibrium model. Such a framework is also of value in correctly calculating the distribution of indirect tax payments in CGE model databases, a prerequisite of accurate welfare impact calculations. We use the model to analyse the effects of simplifying Vietnam's complex VAT system. We simplify the system by moving from three tax rates to one budget-neutral rate, while also removing many discretionary exemptions. We find that the policy lifts real private consumption spending, our welfare measure, by an average of 0.9 per cent over our simulation period, 2008-2018
Định danh:
ISSN: 1049-0078
Appears in Collections:Economic development

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.