Economic Consequences of Increased Value Added Tax on Food

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Economic Consequences of Increased Value Added Tax on Food

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Economic Consequences of Increased Value Added Tax on Food

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

69-76

Název nakladatele

CULS Prague, Faculty of Economics and Management

Místo vydání

Prague, CR

Místo konání akce

Czech University of Life Sciences Prague, CR

Datum konání akce

13. 9. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000338036100007