Who Really Benefits from Consumption Tax Cuts? Evidence from a Large VAT Reform in France
研究了2009年法国餐厅增值税削减对工人、企业主、消费者和供应商的影响，发现企业主获得了超过55%的减税收益，消费者受益最少，就业效应有限。
This paper evaluates the incidence of a large cut in value-added taxes (VATs) for French sit-down restaurants in 2009. In contrast to previous studies, which only focus on the price effects of VAT reforms, we estimate the effects of the VAT cut on four groups: workers, firm owners, consumers, and suppliers of material goods. Using a difference-in-differences strategy on firm-level data, we find that: firm owners pocketed more than 55 percent of the VAT cut; consumers, sellers of material goods, and employees shared the remaining windfall with consumers benefiting the least; and the employment effects were limited.