Does financial VAT affect the size of the financial sector?

Laborda, Julio López; Peña, Guillermo

doi:10.5018/economics-ejournal.ja.2017-7

Cited by 3 publications

References 77 publications

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Financial VAT may improve trade openness

Laborda

Peña

2021

Applied Economics

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The Andrew Young School of Policy Studies was established at Georgia State University with the objective of promoting excellence in the design, implementation, and evaluation of public policy. In addition to four academic departments, including economics and public administration, the Andrew Young School houses eight leading research centers and policy programs, including the International Center for Public Policy.The mission of the International Center for Public Policy (ICePP) at the Andrew Young School of Policy Studies is to provide academic and professional training, applied research, and technical assistance in support of sound public policy and sustainable economic growth in developing and transitional economies.ICePP is recognized worldwide for its efforts in support of economic and public policy reforms through technical assistance and training around the world. This reputation has been built serving a diverse client base, including the World Bank, the U.S. Agency for International Development (USAID), the United Nations Development Programme (UNDP), finance ministries, government organizations, legislative bodies, and private sector institutions.The success of ICePP reflects the breadth and depth of its in-house technical expertise. The Andrew Young School's faculty are leading experts in economics and public policy and have authored books, published in major academic and technical journals, and have extensive experience in designing and implementing technical assistance and training programs. Andrew Young School faculty have been active in policy reform in over 40 countries around the world. Our technical assistance strategy is not merely to provide technical prescriptions for policy reform, but to engage in a collaborative effort with host governments and donor agencies to identify and analyze the issues at hand, arrive at policy solutions, and implement reforms.ICePP specializes in four broad policy areas:  Fiscal policy (e.g., tax reforms, public expenditure reviews)  Fiscal decentralization (e.g., reform, intergovernmental transfer systems, urban finance)  Budgeting and fiscal management (e.g., local, performance-based, capital, and multiyear budgeting)  Economic analysis and revenue forecasting (e.g., micro-simulation, time series forecasting)For more information about our technical assistance activities and training programs, please visit our website at icepp.

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Financial VAT may improve trade openness

Laborda

Peña

2021

Applied Economics

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VAT experience as an influence on banking crises

Peña

2020

National Accounting Review

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Optimal VAT on Financial Services

Peña

2022

Handbook of Research on Challenges in Public Economics in the Era of Globalization

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Recently, the European Commission is re-examining the VAT regime of financial services in Europe. This chapter deals with the important topic of the indirect taxation of financial services, studying firstly the consequences of an eventual shift from exemption of these services on VAT to taxing them based on previous literature and using an overlapping generations (OLG) model, and finally, analyzing the optimal way for taxing financial services under VAT. Theoretical results show a beneficial pass from exemption to taxation of this kind of services. There is a tax reform proposal in two alternative and equivalent fashions. As the model shows, this reform would eliminate under-taxation of households and over-taxation of businesses. This would decrease the prices of non-financial goods and services and would reach an optimal policy design for the tax system. Finally, an additional tax rule is provided to determine whether the proposed tax rate on pure interest should be higher or lower than a usual direct tax on income.

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Does financial VAT affect the size of the financial sector?

Cited by 3 publications

References 77 publications

Financial VAT may improve trade openness

Financial VAT may improve trade openness

VAT experience as an influence on banking crises

Optimal VAT on Financial Services

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