|
|
|
|
|
|
Author/Editor:
|
Michael Keen
|
|
|
|
|
|
Publication Date:
|
May 16, 2013
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 1,195KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
|
|
|
|
|
Summary:
This paper sets out some tools for understanding the performance of the value added tax (VAT). Applying a decomposition of VAT revenues (as a share of GDP) to the universe of VATs over the last twenty years, it emerges that developments have been driven much less by changes in standard rates than by changes in ‘C-efficiency’ (an indicator of the departure of the VAT from a perfectly enforced tax levied at a uniform rate on all consumption). Decomposing C-efficiency into a ‘policy gap’ (in turn divided into effects of rate differentiation and exemption) and a ‘compliance’ gap (reflecting imperfect implementation), results pieced together for EU members suggest that the former are in almost all cases far larger than the latter, with rate differentiation and exemptions playing roles that differ quite widely across countries.
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Working Paper No. 13/111
|
|
|
|
|
|
Subject(s):
|
Value added tax | Tax revenues | Tax rates
|
|
|
|
|
|
|
|
|
|
|
|
English
|
|
|
|
|
|
|
Publication Date:
|
May 16, 2013
|
|
|
|
|
ISBN/ISSN:
|
9781484330586/1018-5941
|
|
Format:
|
Paper
|
|
Stock No:
|
WPIEA2013111
|
|
Pages:
|
28
|
|
Price:
|
|
|
|
|
|
|
|
|
|
|
|
|
Please address any questions about this title to
publications@imf.org
|
|
|
