The Experts below are selected from a list of 23277 Experts worldwide ranked by ideXlab platform
Adrien Bussy - One of the best experts on this subject based on the ideXlab platform.
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cross border Value Added Tax fraud in the european union
Social Science Research Network, 2020Co-Authors: Adrien BussyAbstract:This paper quantifies Value Added Tax (VAT) fraud involving missing traders in the European Union (EU), whereby traders collect VAT and disappear before remitting it to the Tax authorities. This scheme is thought to cause large revenue losses to governments, yet estimates of its importance are sparse. It involves cross-border trade and results in firms misreporting their transactions, which in turn affects reported trade statistics in the country in which fraud takes place, yet not in the partner country. To quantify fraud, I exploit the implementation of the Reverse Charge Mechanism to domestic transactions, a reform eliminating missing trader fraud. Based on 54 reform episodes in 24 countries over 2004-2019, I estimate pre-reform fraud levels based on how discrepancies in product-level mirror statistics change at the time of reform, comparing products targeted be the reform (treated) to non-targeted products (control). I find that trade associated with fraudulent activity represents 3.3%-4.2% of trade of treated products, which implies that fraud worth up to EUR 1.7 billion annually is removed thanks to the reform, amounting to 0.21% of VAT revenues.
Wellington Garikai Bonga - One of the best experts on this subject based on the ideXlab platform.
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empirical examination of the link between Value Added Tax and total Tax revenues in zimbabwe
Social Science Research Network, 2017Co-Authors: Wellington Garikai BongaAbstract:Governments in most developing nations heavily rely on Tax revenue to sponsor government expenditure, and Zimbabwe is not an exception. Tax revenue is supposed to be used to grow or develop an economy. This study seeks to analyse the relationship between Value-Added Tax (VAT) and total Tax revenues for the Zimbabwean nation. The study uses a time series analysis for period 2011-2017, regressing total Tax revenues against various Tax heads. Appropriate data tests have been made, rejecting the use of the error correction model, and the study results drawn on an OLS regression model using STATA 11.1 statistical software. The study results indicate that both VAT on local sales and VAT on imports have a significant impact on total revenue. VAT on imports however, have a negative impact while that on local sales has a positive impact. The study recommended that efforts to improve Tax compliance should be made to local firms so that more VAT could be collected. The study acknowledged the recent introduction of Automated Teller Machines by the revenue authority. Individual Taxes and carbon Tax have a positive impact to Tax revenue, while company Tax was marginally insignificant calling for increased measures to be exercised, and customs duty, mining royalties and excise Tax were insignificant to explain total revenue.
Ann Harrison - One of the best experts on this subject based on the ideXlab platform.
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the Value Added Tax reform puzzle
Research Papers in Economics, 2011Co-Authors: Jing Cai, Ann HarrisonAbstract:This explores the impact of a Tax reform in some provinces of China which eliminated the Value-Added Tax on some investment goods. While the goal of the experiment was to encourage upgrading of technology, the results suggest that there was no evident increase overall in fixed investment, and employment fell significantly in the treated provinces and sectors. The reform reduced the total number of employees for all types of firms. For domestic firms, it reduced employment by almost 8 percent. The results are robust to a variety of approaches, and suggest that the primary impact of the policy has been to induce labor-saving growth. This experiment has since been extended to the rest of China.
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the Value Added Tax reform puzzle
National Bureau of Economic Research, 2011Co-Authors: Jing Cai, Ann HarrisonAbstract:We explore the impact of a Tax reform in some provinces of China which eliminated the Value-Added Tax on some investment goods. While the goal of the experiment was to encourage upgrading of technology, our results suggest that there was no evident increase overall in fixed investment, and employment fell significantly in the treated provinces and sectors. The reform reduced the total number of employees for all types of firms. For domestic firms, it reduced employment by almost 8%. Our results are robust to a variety of approaches, and suggest that the primary impact of the policy has been to induce labor-saving growth. This experiment has since been extended to the rest of China.
Filippo Alessandro Cimino - One of the best experts on this subject based on the ideXlab platform.
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an assessment of carousel Value Added Tax fraud in the european carbon market
Review of Law & Economics, 2017Co-Authors: Maria Berrittella, Filippo Alessandro CiminoAbstract:The literature on the European Union Emission Trading System (EU ETS) is by now very rich. Much is known about the efficiency, the effectiveness, and the environmental and distributional impacts of the EU ETS. Less, however, is known about the carousel Value-Added-Tax (VAT) fraud phenomena in the European carbon market. This article evaluates the welfare effects of carousel VAT fraud in the EU ETS using a computable general equilibrium (CGE) analysis. According to our findings, if VAT fraud occurs in the EU ETS, the effects on welfare for the EU Member States are negative, with welfare loss significantly higher than the VAT fraud Value. This article also discusses the reverse charge mechanism that EU Member States could adopt to reduce the VAT fraud phenomena in the European carbon market.
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the carousel Value Added Tax fraud in the european emission trading system
Social Science Research Network, 2012Co-Authors: Maria Berrittella, Filippo Alessandro CiminoAbstract:In this article, we analyze the effects of the carousel Value-Added Tax fraud in the European carbon market and the legislative measures that the EU Member States could adopt to deal with this phenomena. We use a computable general equilibrium model, called GTAP-E and the version 6 of the GTAP database to evaluate the economy-wide and terms of trade effects. The policy test has been designed for five European countries: Belgium, France, Germany, Italy, Netherlands and the United Kingdom. According to our findings, the legislative measures aimed to remove the VAT fraud in the European Emission Trading System will have positive effects in terms of GDP and welfare in the selected EU Member States.
David Michael - One of the best experts on this subject based on the ideXlab platform.
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economic relief in the time of covid 19 rationale mechanics costing and prospective impact of temporary Value Added Tax vat suspension and income Tax waiver for the poor and the middle class in the philippines
Social Science Research Network, 2020Co-Authors: San Juan, David MichaelAbstract:As a response to the economic crisis brought by COVID-19, the Philippine government has started to implement its Social Amelioration Program (SAP) which aims to provide a monthly cash aid worth 5,000 to 8,000 Philippine pesos (US$ 99.08 to 158.53 at the exchange rate of US$ 1 = 50.46 pesos) to each of the target households pegged at 18 million, for an initial period of two months. Beneficiaries complain that the amount will not be enough for all their needs, while non-beneficiaries and even local government officials clamor for a more broad-based aid scheme. To help provide a feasible solution, this paper will discuss the rationale, mechanics, costing, and prospective impact of temporary Value-Added Tax (VAT) suspension and income Tax waiver for the poor and the middle class in the Philippines. The proposed VAT moratorium shall cover food, medicine, basic commodities, & utilities, while the proposed income Tax waiver shall cover both public and private workers/employees, except those in the top-income bracket. International benchmarking and funding options for this supplementary economic relief will be also explored.
