Value Added Tax (VAT) is a tax applied to all transactions carried out for consideration in the EU. VAT systems are harmonised at the EU level to ensure neutrality and to minimise their negative impacts on the functioning of the Internal Market. We invite you to read the latest mBank-CASE Seminar Proceedings No. 171 by … Continued
The objective of this paper is to derive the characteristics of an effective fiscal governance framework, focusing on the incentives that ensure a commitment to the fiscal rules. We study this problem with the use of econometric tools, complementing this analysis with formal modelling through the lens of a dynamic principal-agent framework. Our study shows … Continued
CASE prepared a new study for the European Commission on the VAT Gap in the European Union in 2015. The figures offer an important snapshot of the problems of collecting VAT in the EU and what needs to be done to improve revenues and fight tax fraud. During 2015, the overall VAT that should have … Continued
