Imperfect competition and the design of VAT regimes

the case of energy trade between Russia and Ukraine by Clinton R. Shiells

Publisher: International Monetary Fund, European II Department in [Washington, D.C.]

Written in English
Published: Pages: 18 Downloads: 130
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  • Power resources -- Russia (Federation) -- Marketing.,
  • Power resources -- Purchasing -- Ukraine.,
  • Exports -- Taxation -- Russia (Federation),
  • Imports -- Taxation -- Ukraine.,
  • Competition, Imperfect -- Russia (Federation),
  • Competition, Imperfect -- Ukraine.,
  • Value-added tax -- Russia (Federation),
  • Value-added tax -- Ukraine.,
  • Tariff -- Russia (Federation),
  • Tariff -- Ukraine.,
  • Double taxation -- Ukraine.

Edition Notes

StatementClinton R. Shiells.
SeriesIMF working paper -- WP/02/235
ContributionsInternational Monetary Fund. European II Dept.
The Physical Object
Pagination18 p. ;
Number of Pages18
ID Numbers
Open LibraryOL21738462M

  Therefore I believe UK VAT is applicable. If the client is a EU business that is (EU) VAT registered then the place of service becomes the EU, and the general rule is that VAT becomes zero-rated. However, it looks like the reverse charge does not apply for interior design as the services are directly land related so becomes exempt.   If you are giving away a cash prize then there is no supply being made for VAT purposes. As there is no supply being made for VAT purposes, the prize money is therefore outside the scope of VAT and no VAT is charged/declared on the sum given away. The important thing to note is that exempt means you cannot recover any input tax at all. Abstract: This paper shows that the welfare implications of indirect tax harmonization in a two-country imperfectly competitive framework, are, in general, indeterminate in the presence of public goods: Both countries can be made either worse ofi or better ofi. This holds under both the destination- and origin principles of taxation and is in sharp. Value-added tax, or VAT, first introduced less than 50 years ago, is now a pivotal component of tax systems around the world. The rapid and seemingly irresistible rise of the VAT is probably the most important tax development of the latter twentieth century, and certainly the most breathtaking. Written by a team of experts from the IMF, this book examines the remarkable spread and current.

JEL Classification System / EconLit Subject Descriptors The JEL classification system was developed for use in the Journal of Economic Literature (JEL), and is a standard method of classifying scholarly literature in the field of system is used to classify articles, dissertations, books, book reviews, and working papers in EconLit, and in many other applications. This book examines the coherent international tax regime that is embodied in both the tax treaty network and in domestic laws, and the way it forms a significant part of Cited by: Cnossen () estimates that for a broadly “best practiced” VAT in New Zealand (with a single non-zero rate), the administration cost of the VAT is about $50 per registrant per annum; but the cost quadruples for the case of the United Kingdom, where the VAT is structured with two positive rates and multiple zero rating (cited in Ebrill et. This report on the “Design and operation of mechanisms for the effective collection of VAT/GST in cases where the supplier is not located in the jurisdiction of taxation” (the report) focuses on the rules and mechanisms for the effective collection of VAT/GST on cross-border supplies of services and intangibles, as recommended in theFile Size: 1MB.

Valuation of New Goods under Perfect and Imperfect Competition goods can be evaluated.’ Thus, the economic approach seems to be the only practical approach to the evaluation of new goods. A potentially more serious problem with the valuation of new .   Value-added tax was first introduced less than 50 years ago. Today, it is a key component of tax systems around the world, and major source of government revenue in over countries. The IMF has attached considerable importance to the proper design and implementation of the tax, and this book draws upon the work of the Fiscal Affairs Department (FAD) of the IMF. The gross value of the supply, or VAT inclusive value, is the value of the “consideration” that is given for it. VATA , s (2) “Consideration” = Price of the item + the VAT % = % + 20% 6 = 5 + 1 6 Remember, the VAT fraction for a standard rate of 20% VAT is 1/6. Consideration isFile Size: 93KB.   The issue I have is this, If I design a brochure for £ I will charge VAT on my time. Say I then buy the print on behalf of my client and the printer charge me £ at 0 VAT rate, I add a £20 mark-up and charge onto my client £ for the print and £ for the artwork Total before VAT £

Imperfect competition and the design of VAT regimes by Clinton R. Shiells Download PDF EPUB FB2

Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use of a destination-based VAT regime.

Oil and gas trade is a major source of Russian tax revenue, which is collected partly through an origin-based VAT on intra-CIS energy trade. The paper shows that Ukraine may try to capture part of the tax revenue if it has monopsony by: 2. Downloadable.

Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use of a destination-based VAT regime.

Oil and gas trade is a major source of Russian tax revenue, which is collected partly through an origin-based VAT on intra-CIS energy trade. The paper shows that Ukraine may try to capture part of the tax revenue if it has.

Get this from a library. Imperfect competition and the design of VAT regimes: the case of energy trade between Russia and Ukraine. [Clinton R Shiells; International Monetary Fund. European II Department.] -- Under imperfect competition, Russia and Ukraine may choose to deviate from optimal tax considerations which suggest use of a destination-based VAT regime.

Imperfect Competition and the Design of VAT Regimes: The Case of Energy Trade Between Russia and Ukraine Article (PDF Available) February with 8 Reads How we measure 'reads'.

Title: Imperfect Competition and the Design of VAT Regimes: The Case of Energy Trade Between Russia and Ukraine - WP/02/ Created Date: 1/14/ PMCited by: 2. The last decade has seen an important extension of the theory of international trade to include imperfectly competitive market structures.

This book collects 19 of the most influential articles on trade with imperfect competition, providing ready access to current research by top-level economists.5/5(1).

The imperfect competition is the situation of market failure in which, unlike the situation of perfect competition, the law of supply and demand is not freely used to determine prices, but in which there Imperfect competition and the design of VAT regimes book be a balance in the prices determined.

this is the first book by in english reached me, and the book was sent with careful package and reached me at such a short the seller very much.i prefer this edition very much because only one chinese version was poorly translated on sale.

i am sure this book will promote my understanding of by: The Economics of Imperfect Competition book. Read 2 reviews from the world's largest community for readers.

The Economics of Imperfect Competition4/5. Other articles where The Economics of Imperfect Competition is discussed: Joan Robinson: with the publication of The Economics of Imperfect Competition (2nd ed., ), in which she analyzed distribution, allocation, and the concept of exploitation.

Essentially, the characteristics of an imperfect competition are what makes it imperfect. These characteristics are incredibly varied and range from one or more participants having enough power to set the price of a product to non-homogenous products across the market, resulting from different supplies or even businesses who simply have better or worse quality than their contemporary businesses.

Abstract. When Joan Robinson came to write The Economics of Imperfect Competition (Robinson, a), she also began her long intellectual friendship with Richard Kahn. At much the same time, Kahn was writing his extraordinary fellowship dissertation for King’s, The Economics of the Short Period (Kahn, ; ), after only one year of studying economics (see Harcourt, ; ).Cited by: The supplier therefore needs to VAT register in the country where the stock is held and at the time of the actual movement of the goods needs to consider the VAT on the intra-Community acquisition.

Call-off stock: a customer controls the goods, so the supplier does not have to register for VAT in the country where the goods are stocked. to specific taxation in the presence of imperfect competition. When governments have uncertain knowledge of the degree of competition in product markets, perfect corrective tax policy is generally of smaller magnitude than that when the degree of competition is known with certainty.

JEL Classification: H21, D Alan J. Auerbach James R. Hines Size: KB. VAT Design and Energy Trade: The Case of Russia and Ukraine and origin principles under conditions of imperfect competition.

Previous analyses, which have considered only the competitive case. Other articles where Imperfect competition is discussed: market: Modifications of the theory: A theory of imperfect competition was invented to reconcile the traditional theory with under-capacity working but was attacked as unrealistic.

The upshot was a general recognition that strict profit maximizing is impossible in conditions of uncertainty; that prices of manufactures are generally.

The Economics of Imperfect Competition. Joan Robinson. Macmillan, - Competition - pages. 0 Reviews. BOOK. 1: THE ASSUMPTIONS. MonoPOLISTIC ExPLOITATION OF LABOUR. 20 other sections not shown. Other editions - View all. The Economics of Imperfect Competition Joan Robinson Snippet view - The Economics of Imperfect.

Michael Keen & Ben Lockwood, "The Value Added Tax: Its Causes and Consequences," Economics Working Papers ECO/09, European University Institute. Keen, Michael & Lockwood, Ben, "The Value Added Tax: Its Causes and Consequences," The Warwick Economics Research Paper Series (TWERPS)University of Warwick, Department of Economics.

-Fundamentally, VAT is a tax on consumer expenditure, i.e. it is a tax on the supply of goods and services.-VAT is charged when a VAT-registered business sells to another business, or a non-business customer.-There are different bands of VAT- 20% (standard VAT).

The potential for price discrimination exists in all market structures except perfect competition. As long as a firm faces a downward-sloping demand curve and thus has some degree of monopoly power, it may be able to engage in price discrimination. But monopoly power alone.

The key is to recognize that the model of perfect competition is a tool of thought—a very useful one—for understanding one key aspect of competition, namely price competition, in which businesses compete by offering the (identical) product at a lower price than their competitors offer it.

fect competition, in the realm of ‘imperfect competition’. As we saw in sectionthere are two types of imperfect competition: namely, monopolistic competition and oligopoly. Profit maximisation under imperfect competition Business issues covered in this chapter How will firms behave under monopolistic competition (i.e.

where thereFile Size: KB. TAX DESIGN IN THE PRESENCE OF IMPERFECT COMPETITION An Example G.D. MYLES* Department of Economics, University of Warwick, Coventry CV4 7AL, UK Received Marchrevised version received October This paper studies the effects upon price, output and entry in an oligopolistic market induced by.

Our analysis has shown how imperfect competitors reduce output and raise price, thereby producing less than would be forthcoming in a perfectly competitive industry. This can be seen most clearly for monopoly, which is the most extreme version of imperfect competition. To see how and why monopoly keeps out putout low, imagine that all dollar.

Ask how the VAT affects competition in each market. In the domestic market, imports pay the border adjustment; but domestic firms pay the VAT, so the playing field is still level.

Policy goals and means exist at different levels of abstraction and application and policies can be seen to be comprised of a number of components or elements, not all of which are as amenable to (re)design as others.

Defining and thinking about polices and policy-making in this way is very useful because it highlights how policy design is all about the effort to match goals and instruments Cited by: Imperfect Competition on the Buying Side Monopsony – single buyer Oligopsony – few buyers who closely monitor and react to the purchasing behavior of their competitors Monopsonistic Competition – a larger number of buyers who compete more on offering services than on price competition.

In all cases, buyers have some degree of marketFile Size: 72KB. ‘Richard M. Bird and Pierre-Pascal Gendron are leading VAT scholars and this book is a great addition to the VAT literature.

It is well researched and elegantly written, and certainly deserves a prominent place on the bookshelves of students, scholars, and policy makers.' Jinyan Li Source: Canadian Tax Journal. What have these 4 markets got in common. There’s LOADS of competition. They’re all described as being “Imperfectly Competitive”.

This means that they behave as if their product is unique while operating in an industry that has lots of close substitutes. the theory of imperfect competition.

The paper presents the main points criticized and discussed by the post-Keynesian authors, as well as their contributions for the develop-ment of the theory of imperfect competition.

Key words: Perfect Competition, Imperfect Competition, and. librium outcomes assuming perfect competition (see Finkelstein, Poterba, and Rothschild [] on gender-based pricing in annuities, Geruso [] on preference heterogeneity un-der perfect competition).

Our work, however, emphasizes the importance of accounting for imperfect competition when analyzing these regulations.The Economics of Imperfect Competition. By Joan Robinson. London: Macmillan, 9" x 6". xii + pp. i8s. This book takes a step forward in economic theory. Mrs. Robinson makes handsome acknowledgments in her preface to other economists who have been at .Start studying Economics - Learn vocabulary, terms, and more with flashcards, games, and other study tools.

Search. -most extreme example of imperfect competition-a single person controls all of the goods or service - characteristics single seller design, and color to attract potential consumers.