Value Added Tax : International Practice and Problems / Alan Tait.

Format:

Book

Government document

Author/Creator:

Tait, Alan.

Series:

Books

Language:

English

Subjects (All):

Value-added tax.

Physical Description:

1 online resource (463 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 1988.

Language Note:

English

Summary:

This book, by Alan A. Tait, is an examination of VAT. It looks at problems and theoretical options and potential impacts, as well as detailing the practical aspects of implementing new tax structures. The author advances arguments for and against alternative policies and illustrates his study with international examples from Europe, Latin America, Asia, and the Pacific. He suggests that countries can learn from each other's experiencees with VAT.

Contents:

""Contents""; ""Preface ""; ""Part I: Structure of VAT""; ""1.Why a Value-Added Tax?""; ""VAT in Theory""; ""Why Adopt the VAT?""; ""A VAT�But Not Just Yet""; ""Conclusion ""; ""2.VAT Rates""; ""A Single Rate or Multiple Rates?""; ""Effective Rates ""; ""VAT Rates and Excise Duties""; ""Geographical Rates""; ""Rate Harmonization""; ""3.Exemptions and Zero Rating: Equity Arguments""; ""Exempt Goods and Services""; ""Zero Rating ""; ""Justifications for Exemptions and Zero Rating""; ""Goods and Services Exempt and Zero Rated for Progressivity""; ""4.""Merit"" Goods""; ""Children's Clothing""

""Medical and Veterinary Services""""Cultural Activities""; ""Government Purchases and Sales""; ""Nonprofit Organizations""; ""5. Difficult-to-Tax Goods and Services""; ""The Construction Industry""; ""Leasing Goods and Agents""; ""Financial Services""; ""Services Performed Abroad""; ""Auctioneers and Secondhand Goods""; ""Craftsmen ""; ""Betting, Gaming, and Lotteries""; ""Racing ""; ""6. Retailers and Other Small Traders""; ""Should the Retail Stage Be Included?""; ""The Retail Problem Is the Small Trader Problem""; ""The Criteria for Exemptions""; ""Problems of Small Businesses""

""Five Ways to Treat the Smallest Businesses""""Treatment of Small Enterprises in EC Countries""; ""The Preferred Solution""; ""Records for Small Traders""; ""7. Treatment of Agriculture ""; ""The EC Common Flat Rate for Agriculture""; ""Treatment of Agriculture in Other Countries""; ""Preferred Solutions ""; ""8. Federal VAT and Sales Tax Harmonization ""; ""VAT Used in Federal Systems""; ""Customs Unions""; ""United States ""; ""Canada ""; ""Municipal Sales Taxes""; ""9. Transitional Problems""; ""Publicity""; ""Registration""; ""Educational Visits""

""Transitional Problems: Stocks and Inventories""""Transitional Problems: Capital Goods""; ""Other Transitional Problems ""; ""Changes to VAT Rates and Liability to VAT ""; ""Part II:Effects of VAT""; ""10. Effects of VAT on Prices ""; ""Price Change Forecasts""; ""Actual Policies""; ""Other Empirical Evidence""; ""11. Effects of VAT on the Economy ""; ""Distribution""; ""Efficiency and Neutrality ""; ""Savings and Investment""; ""Foreign Trade""; ""Size of the Public Sector""; ""Management of the Economy ""; ""Part III: VAT Administration and Compliance""; ""12. Administration and Staffing""

""Who Should Run a VAT? """"Central Versus Local Administration: Organization and Functions""; ""Staffing ""; ""Transitional Staff Problems""; ""Costs of Administration ""; ""13. Control""; ""Taxpayer Registration""; ""Registration and Deregistration""; ""Invoices ""; ""Payments and Refunds ""; ""Audit ""; ""14. Evasion, Enforcement, and Penalties""; ""Forms of Evasion ""; ""Enforcement ""; ""Penalties""; ""15. Computers and VAT ""; ""General Considerations ""; ""Planning ""; ""Basic Assumptions and Rules""; ""System Design and Responsibilities: Assumptions""; ""Personnel and Training""

""Quality and Security Assurance""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9786613847751

9781462303724

1462303722

9781455228577

1455228575

9781283535304

1283535300

9781455265831

1455265837