Measuring the fiscal revenue loss of VAT exemption in commercial banking
Bernd Genser () and
Peter Winker
No 342, Discussion Papers, Series II from University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy"
Abstract:
The closing of tax loopholes is one important instrument for fiscal consolidation. We concentrate on the value added tax exemption of banking services in Germany. The potential tax revenue under full value added taxation cannot be estimated from national accounting data, as it is necessary to apportion the value added between final consumption and intermediate production. We develop a method which allows to base our estimates on disaggregated banks' balance sheet data and obtain an estimate for the lower bound of the net revenue loss of tax exemption to the order of 7 bill. DM in 1994.
JEL-codes: C8 G2 H2 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (13)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kondp2:342
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