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...

The main goal of the paper is to assess the effects of several permanent tax rate hikes implemented by the Spanish Government in 2009 and 2010 to counteract the rapid increase of the public deficit and debt registered in 2009 and 2010. It uses a numerical general equilibrium model calibrated to...

This paper examines the efficiency effects of the variable integrated value-added tax (VIVAT) system, which was recently proposed as the future VAT system for the European Union (E.U.). We first describe the difference in the administration of the current transitional system and the VIVAT...