"Fiscal Devaluation" and Fiscal Consolidation: The VAT in Troubled Times

Working Paper No. 12/85

This paper focuses on two core tax design issues that arise in addressing current fiscal challenges. It first explores the idea, prominent in troubled Eurozone countries, of a "fiscal devaluation": shifting from social contributions to the VAT as a way to mimic a nominal devaluation. Empirical evidence is presented which suggests that in... READ MORE...

Publication date: March 2012
ISBN 9781475502480

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Publication date: March 2012


Publication date: March 2012