Thursday, January 2, 2014

Chinese Movie Value-Added Tax

The New York Times has an interesting article on the impact that a value-added tax (which is a tax on the percent of the price of a good/service) and how that impact the firms involved bottom line.  Additionally, economic theory show that a tax has impacts on how consumers make consumption decisions, and that different types of taxes yield qualitatively similar decisions, the quantitative decision is slightly different for different types of taxes.

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