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We describe the simple analytics of the four main types of sales taxes under revenue neutrality: the retail sales tax, the value added tax, a cascading sales tax and a manufacturers' sales tax. The retail sales tax is shown to be equivalent to a value added tax. In order to produce equal...
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effects of a revenue-neutral fiscal-cum-social policy reform that consists of: 1) the implementation of universal social … a generalized VAT. We find that this reform increases productivity by 2 percent and output by 3 percent as it improves …, the reform could affect some groups in the population,given the regressive nature of VAT and heterogeneity in the …
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