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Arindam Das-Gupta
''With non-competitive firms, a turnover tax can dominate the VAT''
( 2005, Vol. 8 No.9 )
In an example with monopoly final and intermediate goods firms and substitutable primary and intermediate inputs, it is shown that there exist turnover taxes that yield more revenue than any feasible value-added tax. Second, simultaneously higher welfare, revenue and output are possible with the turnover tax.
JEL: H2 - Taxation, Subsidies, and Revenue: General
D4 - Market Structure and Pricing: General
Manuscript Received : Sep 08 2005 Manuscript Accepted : Sep 13 2005

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