Facing the economic consequences of the Covid-19 pandemic, governments all over the world are considering providing a fiscal stimulus. A potentially powerful instrument to do so is a broad-based consumption tax such as VAT. This column argues that changes in VAT may have some effect in stimulating spending on certain consumer durable goods such as household appliances. However, these effects may be heterogenous across different product types and the timing and perceived credibility of the announcements are also important factors for policymakers to consider.
Source VOXeu
Latest Posts in "World"
- Peppol e-Invoicing: What It Is and How It Impacts Your Business and VAT Compliance
- IMF Cautions Countries on Fuel Subsidies After Kenya Cuts VAT and Expands Consumer Relief
- What is International Tax Compliance? (Complete Guide by RTC)
- Basware Webcast – Compliance Without The Boring Bits -S/4HANA Migration & Compliance: Your 2026 Survival Guide
- VAT Concepts Explained: News Items & Podcasts Covering the VAT Topics That Matter Most (WIP)
