{"product_id":"2940148374374","title":"Value Added Tax and Consumer Spending: A Graphical Descriptive Analysis","description":"The US has been considering introducing a National Consumption Tax federally. This would\u003cbr\u003ebe in addition to the states’ sales taxes. Since a consumption tax would be an added cost to\u003cbr\u003ethe consumer, it would be expected that there could be some behavioral change by consumers.\u003cbr\u003eThis paper uses graphs to describe and analyze whether consumers in the UK and Canada\u003cbr\u003ealtered their behavior when those countries introduced their Value Added Tax (or Goods and\u003cbr\u003eServices Tax). Both retail volume and the percentage change from the prior year (on a\u003cbr\u003emonthly basis) were used in the graphic depictions. It was found that there was no or little\u003cbr\u003emajor behavioral change when the new taxes were introduced. However, when the tax rates\u003cbr\u003ewere changed substantially, consumers did adapt their behavior to take advantage of the\u003cbr\u003echanges by engaging in arbitrage behavior. US consumers are likely to act in a similar\u003cbr\u003emanner as UK and Canadian consumers","brand":"ReadCycle","offers":[{"title":"Default Title","offer_id":47084152193264,"sku":"2940148374374","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940148374374_p0.jpg?v=1763702676","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940148374374","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}