Download Commodity Tax Harmonization in the European Community: A by Andreas Haufler PDF

By Andreas Haufler

The ebook is worried with the most matters that come up for common commodity taxation within the inner industry: the alternative of a brand new foreign tax precept and the query of tax price harmonization. The ebook presents an intensive dialogue of those concerns and evaluates the alternatives made through the ecu neighborhood from a welfare-theoretic viewpoint by means of evaluating them to possible possible choices. The dialogue integrates a lot of contemporary theoretical and policy-oriented contributions that have to this point now not been amassed and summarized in one quantity. specified positive factors of the publication are that (a) the research combines parts of overseas exchange concept and public finance, fiscal disciplines that are infrequently built-in; (b) a twin basic equilibrium framework is used through the research, (c) a second-best surroundings is continually hired, incorporating correct coverage constraints and integrating conflicting arguments in one analytical framework, (d) a part of the theoretical research is supplemented through a computable normal equilibrium technique. The e-book indicates that recognized foreign trademodels may be prolonged to version replacement ideas for taxing foreign alternate but additionally foreign alterations in personal tastes for public items and assorted perspectives of presidency habit - concerns that are without delay suitable for the dialogue of tax rateharmonization yet are hardly handled in an analytical means.

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Extra info for Commodity Tax Harmonization in the European Community: A General Equilibrium Analysis of Tax Policy Options in the Internal Market

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In its meeting in June 1991, the ECOFIN-Council agreed on a minimum standard VAT rate of 15 percent in all member states as of 1993. One or two reduced rates of at least five percent were also permitted, applicable to a specified list of goods and services. All member states were obliged to abolish increased VAT rates while existing zero rates on basic necessities can be maintained in the internal market (European Communities, 1992). 3 Feasible International Tax Principles The previous discussion has shown that, if the abolition of intra-Community border controls is accepted as a political goal and thus as an external constraint for the choice of an international tax principle, a general destination principle that applies to all intra-EC trade is infeasible in the internal market.

6398) for detailed reviews. See also Bewley (1981, pp. 729-735) for a formal statement of the necessary conditions under which the equilibrium in the Tiebout model is Pareto efficient. 1: Trade Distortions and Heterogeneous Preferences homogeneous heterogeneous preferences preferences trade is unaffected either centralized decentralized by interregional or decentralized setting of tax differentials tax policy tax rates trade is affected centralized conflict between by interregional setting of centralized and decen- tax differentials tax rates tralized tax policy This proposition states that with heterogeneous consumer preferences, a decentralized and diverse provision of public goods will always be more efficient than any specified and uniform level of public good supply chosen by a central governments.

To the extent that this compensating transfer is actually carried out, Biehl's argument can be interpreted as a proposal to save on administrative costs. In this case, the basic effects of the common market principle are covered by our analysis of the restricted destination principle. If the transfer is not carried out, however, the common market principle favors those member states which are net exporters to the rest of the Community and whose tax rates lie above the Community average 24 • The application of the tax credit method without clearing also provides an incentive to raise domestic tax rates for strategic reasons, as is known from the analysis of international capital taxation (Hamada, 1966).

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