Examining the Composition of VAT Revenues in France
Value added tax (VAT) is the largest source of tax revenue in France, standing at €202.7bn under budgetary accounting and representing 17% of the total tax burden in 2022. To examine the composition of VAT revenues, the French Treasury used a costing model that reconstitutes consumption bases subject to VAT. We then used these results to estimate the net revenue gain from a 1-percentage-point incr... Lire la suite