Buettner, Thiess; Erbe, Katharina - In: International Tax and Public Finance 21 (2014) 6, pp. 1028-1050
This paper provides an analysis of revenue and welfare effects associated with a VAT exemption of financial services, which is common among OECD countries. We follow a general equilibrium approach that considers effects of repealing the VAT exemption not only on consumer demand and...