Welfare Effects of Value-Added Tax Harmonization in Europe : A Computable General Equilibrium Analysis

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I An Introduction to Value-added Taxation1. The Development of Value-added Taxation in the European Union -- 2. Principles of Value-added Taxation -- 3. Questions and Answers: The Plan of the Book -- II VAT Policy Options for an Integrated Europe -- 1. Some Basic Elements of our Model -- 2. The Destination Principle -- 3. The Transitional System -- 4. The Origin Principle and the Credit Method -- 5. The Origin Principle and the Subtraction Method -- III Theoretical Foundations -- 1. The Command Optimum -- 2. Tax Distortions -- 3. Trade Neutrality and the Exchange Rate Argument -- 4. Welfare Effects of VAT in Open Economies -- IV From Theory to Application: A Computable General Equilibrium Model -- 1. Operationalizing Walras with CGE Models -- 2. The Theoretical Model -- 3. A Micro-consistent Data Set for the EU -- 4. Model Calibration -- V Simulation Results and Economic Interpretations -- 1. Some Methodological Issues -- 2. The Transitional System -- 3. The Origin Principle and the Credit Method -- 4. The Origin Principle and the Subtraction Method -- 5. Some Sensitivity Analysis -- VI Summary and Conclusions -- List of Abbreviations -- Glossary of Notation -- The Debate about Value-added Taxation in the European Union: Timetable of Events since 1985 -- References.

10.1007/978-3-642-79493-3 [DOI]

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