Giesecke, James A.; Nhi, Tran Hoang - In: Journal of Asian Economics 21 (2010) 2, pp. 156-173
We develop a framework for economy-wide modelling of value-added tax systems. Our framework models a number of complexities of VAT systems as implemented by tax agencies. In particular, we model multiple rates, multiple exemptions, multiple degrees of refundability across commodity users, and...