VIVAT, a Definitive VAT System for Europe?

Hans Fehr () and Clemente Polo

Journal of Economic Integration, 1999, vol. 14, 37-58

Abstract: The paper examines the efficiency effects the viable integrated value-added tax(VIVAT) system, which was recently proposed as the future VAT system for Europe. We frist describe the difference in the administration of the current transitional system and the VIVAT system. Then we present a computable general equilibrium model featuring eleven EU regions and eleven production sectors. Finally we evaluate the adoption of two different tax rate structures under the VIVAT system using numerical simulations. Our results indicate that efficiency effects form adopting a uniform tax rate structure could be quite substantial. However, these gains are not sprend uniformly across countries and some countries could even be not loser. Under a dual tax rate structure, these losses will be even more pronoumced.

Keywords: VIVAT (search for similar items in EconPapers)
JEL-codes: H22 H87 (search for similar items in EconPapers)
Date: 1999
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Working Paper: VIVAT- A Definitive Vat System for Europe? (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0096

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