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The future of Value Added Tax in the European Union

Keen, M.; Smith, S.; Baldwin, R.E.; Christiansen, V.; (1996) The future of Value Added Tax in the European Union. Economic Policy , 11 (23) pp. 375-420.

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The current VAT regime in the EU, introduced with the removal of fiscal frontiers in 1993, is explicitly transitional. We consider the issues that arise in designing a 'definitive' regime. The two most widely canvassed options -- adoption of a clearing house or a shift to origin taxation -- are found wanting. The paper develops an alternative strategy, combining a harmonized rate of VAT on transactions between firms (both between and within member states) with national discretion over rates applied to final sales. This offers the prospect of a real improvement on current arrangements.

Type: Article
Title: The future of Value Added Tax in the European Union
Publisher version: http://www.economic-policy.org/backissues.asp
Language: English
Additional information: Without abstract
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/17195
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