Büttner, Thiess
Unit sales and price effects of preannounced consumption tax reforms micro-level evidence from European VAT / Thiess Buettner and Boryana Madzharova .-- , 2021
Resumen.
Bibliografía.
We study the effects of consumption tax changes on prices and unit sales of durables utilizing micro-level product data. The results show that tax rate changes are fully shifted into prices. An anticipated tax rate change causes a temporary shift in unit sales shortly before implementation, which is more than offset by adjustments upon and after implementation. If the tax rate increases by 1 percentage point, unit sales rise by 2.5 percent on average in the last month before implementation. The permanent effect is a drop in sales by 2 percent below their original level, implying relatively strong intertemporal substitution effects.
CONSUMO
VENTAS
IMPUESTOS
AJUSTES FISCALES
INCIDENCIA Y TRASLACION
ESTADOS UNIDOS
IMPUESTO SOBRE EL VALOR AÑADIDO
UNION EUROPEA
Madzharova, Boryana
American Economic Journal : Economic Policy 1945-7731v. 13, n. 3, August 2021, p. 103-134
Unit sales and price effects of preannounced consumption tax reforms micro-level evidence from European VAT / Thiess Buettner and Boryana Madzharova .-- , 2021
Resumen.
Bibliografía.
We study the effects of consumption tax changes on prices and unit sales of durables utilizing micro-level product data. The results show that tax rate changes are fully shifted into prices. An anticipated tax rate change causes a temporary shift in unit sales shortly before implementation, which is more than offset by adjustments upon and after implementation. If the tax rate increases by 1 percentage point, unit sales rise by 2.5 percent on average in the last month before implementation. The permanent effect is a drop in sales by 2 percent below their original level, implying relatively strong intertemporal substitution effects.
CONSUMO
VENTAS
IMPUESTOS
AJUSTES FISCALES
INCIDENCIA Y TRASLACION
ESTADOS UNIDOS
IMPUESTO SOBRE EL VALOR AÑADIDO
UNION EUROPEA
Madzharova, Boryana
American Economic Journal : Economic Policy 1945-7731v. 13, n. 3, August 2021, p. 103-134