Reimbursement of VAT on written-off Receivables


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Reimbursement of VAT on written-off Receivables

Vis færre oplysninger Florentsen, Bjarne en_US Møller, Michael en_US Nielsen, Niels Christian en_US 2009-02-04T10:26:21Z 2009-02-04T10:26:21Z 2003-09-30T00:00:00Z en_US
dc.description.abstract In many OECD countries, a seller has a right to reimbursement of VAT (RVAT) she has paid on goods sold, but for which she has not yet received payment. Such reimbursement of VAT on receivables is economically inefficient. It leads to: * Distortion of credit markets, by subsidizing direct credit at the cost of financial intermediaries. * Price discrimination, by subsidizing buyers with low creditworthiness. * A less efficient collection of bad debts, as trade with bad debts is made extremely expensive. The finance literature presents several "good" arguments in favor of trade credits, e.g. transaction costs and asymmetric information. In contrast RVAT is an economically "bad" argument for trade credit. It is a subsidy that leads to inefficiently high use of trade credit. en_US
dc.format.extent 18 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working Paper;2003-1 en_US
dc.subject.other moms en_US
dc.subject.other kreditrisiko en_US
dc.subject.other kreditsalg en_US
dc.subject.other kredit en_US
dc.title Reimbursement of VAT on written-off Receivables en_US
dc.type wp en_US
dc.accessionstatus modt03sep30 inrumo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Finansiering en_US
dc.contributor.departmentshort FI en_US
dc.contributor.departmentuk Department of Finance en_US
dc.contributor.departmentukshort DF en_US
dc.idnumber x644148496 en_US København en_US
dc.publisher.year 2003 en_US

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