Effect of value added tax rate changes on the price level of foodstuffs

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

Effect of value added tax rate changes on the price level of foodstuffs

Popis výsledku v původním jazyce

The aim of this paper is to determine the effect of value added tax rate changes on the price level of foodstuffs and to analyze the VAT rates of member states of the European Union. Value added tax has a specific effect because the indirect tax is included in the price of goods and services. Foodstuffs are basic goods which are consumed by all consumers, so each VAT rate change related to foodstuffs affects all citizens of each member state. Any VAT rate increase brings a significant impact on the price level of foodstuffs, especially in the month the change is implemented. In general, an increase in the VAT rate has a more significant effect on prices than a decrease. As a result, each increase in the VAT ate can cause effects that can be difficult for a government to correct at a later date through a VAT rate decrease.

Název v anglickém jazyce

Effect of value added tax rate changes on the price level of foodstuffs

Popis výsledku anglicky

The aim of this paper is to determine the effect of value added tax rate changes on the price level of foodstuffs and to analyze the VAT rates of member states of the European Union. Value added tax has a specific effect because the indirect tax is included in the price of goods and services. Foodstuffs are basic goods which are consumed by all consumers, so each VAT rate change related to foodstuffs affects all citizens of each member state. Any VAT rate increase brings a significant impact on the price level of foodstuffs, especially in the month the change is implemented. In general, an increase in the VAT rate has a more significant effect on prices than a decrease. As a result, each increase in the VAT ate can cause effects that can be difficult for a government to correct at a later date through a VAT rate decrease.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 23rd International Conference Theoretical and Practical Aspects of Public Finance 2018

ISBN

978-80-245-2283-8

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

110-118

Název nakladatele

Oeconomia

Místo vydání

Prague

Místo konání akce

Prague

Datum konání akce

13. 4. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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