Abstract:This paper describes the distributional, efficiency and revenue consequences of changes to the structure of indirect taxation in the UK implied by proposals for tax harmonization across the EEC. The results were generated by a microcomputer simulation program that allows the user to change the structure of indirect taxes in any desired way. The program features estimates of a system of demand equations obtained using 100,000 observations from the Family Expenditure Surveys to predict behavioural reactions to t… Show more
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