Economic Consequences of Increased Value Added Tax on Food

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F11%3A66741" target="_blank" >RIV/60460709:41110/11:66741 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic Consequences of Increased Value Added Tax on Food
Original language description
While there might be effectiveness gains from introducing a single rate value added tax VAT, differentiation of the rates might address well some social equity issues. In the Czech Republic, value added tax has traditionally followed this social perspective, however, in connection to the reduction of the budget deficit and preparation of the pension reform, the value added tax system has been subject to reform. After the initial proposals of unifying both VAT rates to the current standard level of 20%,the government has approved a compromised version, with the single rate of 17.5%. This paper addresses the effects of increased VAT rate for food on the Czech economy. First a simple approach deploying directly own price elasticities is applied and laterdeeper investigations are made using the Czech national CGE model. Both direct and indirect effects are assessed. The direct effects are associated with the reduced consumer utility and weakened competitiveness of the food industry. The
Czech name
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Czech description
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Agrarian Perspectives - Proceedings of the 20th Scientific Conference
ISBN
978-80-213-2196-0
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
69-76
Publisher name
CULS Prague, Faculty of Economics and Management
Place of publication
Prague, CR
Event location
Czech University of Life Sciences Prague, CR
Event date
Sep 13, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000338036100007

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