Most countries’ value-added tax (VAT) systems apply reduced VAT rates to a selection of expenditure items in order to achieve distributional goals, and (to a lesser extent) social and cultural objectives. This paper assesses the case for applying reduced VAT rates, with a particular focus on OECD countries where reduced rates feature prominently. It examines both the theoretical and empirical evidence, as well as practical considerations, and concludes...
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INFORMATION
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2024/01/18
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Document de travail de recherche sur les politiques
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WPS10677
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1
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2024/01/18
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Disclosed
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VAT Rate Structures in Theory and Practice