The Impact on Investment of Replacing a Retail Sales Tax with a Value-Added Tax: Evidence from Canadian Experience

被引：19
|
作者：
Smart, Michael [1 ]
Bird, Richard M. [1 ,2 ]
机构：
[1] Univ Toronto, Dept Econ, Toronto, ON M5S 3E6, Canada
[2] Univ Toronto, Rotman Sch Management, Toronto, ON M5S 3E6, Canada
来源：
NATIONAL TAX JOURNAL | 2009年 / 62卷 / 04期
关键词：
D O I：
10.17310/ntj.2009.4.01
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Over a decade ago, several Canadian provinces replaced their retail sales taxes with value-added taxes. This paper estimates the effects of this tax substitution on business investment in these provinces. Consistent with standard investment theory, we find that the reform led to significant increases in machinery and equipment investment, at least in the short run. This evidence suggests that such a reform in a U.S. state with a similar retail sales' tax may also be expected to result in increases, possibly substantial, in its capital stock.
引用
收藏
页码：591 / 609
页数：19
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