This paper provides evidence that prices respond significantly more strongly to increases
than to decreases in value-added taxes (VATs). First, using two plausibly exogenous VAT …

The international tax system is in dire need of reform. It allows multinational companies to
shift profits to low tax jurisdictions and thus reduce their global effective tax rates. A major …

This paper presents, analyses, and further develops the idea of a destination-based cash-
flow tax (DBCFT). Its purpose is expositional: to describe the DBCFT, how it might work, what …

This paper studies the mechanisms behind the responses of entrepreneurs to size-
dependent tax regulation. We exploit the value-added tax (VAT) exemption threshold in …

In this paper we identify policy implications for implementing carbon pricing in Austria, taking
into account model structure uncertainty. Methodologically, we compare the results of two …

We develop a novel medium-scale DSGE model, called NORA, for fiscal policy analysis in
Norway. NORA contains a sheltered and exposed sector allowing us to model wage …

We analyze price responses to large restaurant VAT rate reductions in two different
European countries. Our results show that responses in the short and medium run were …

We estimate the upper-level elasticity of substitution between goods and services of a
nested aggregate CES preference specification. We show how this elasticity can be derived …

Abstract On 3 June 2020, the German government announced a EUR 130 billion fiscal
stimulus package to stimulate market demand and jumpstart the economy in the wake of the …

While many methods of taxing financial services on VAT have been developed in recent
decades, none are considered definitive. This article proposes a new approach to taxing …