Should the United States Levy a Value-Added Tax for Deficit Reduction?

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Balance of trade.

Revenue.

Saving and investment.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

Explains concept of a value-added tax (VAT), different methods of calculating VATs, and use of exemption and zero-rating to provide special treatment for products or businesses. Considers experiences of 29 nations with VATs in the Organization for Economic Cooperation and Development, relevant to feasibility and operation of a possible U.S. VAT. Covers revenue yield, revenue performance, international comparison of composition of taxes, VAT rates in other countries, equity, neutrality, inflation, balance-of-trade, national saving, administrative costs, compliance, VAT registration thresholds, time required for VAT implementation, intergovernmental relations, and government size. Includes tables

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Should the United States Levy a Value-Added Tax for Deficit Reduction

Publisher Number:

CRS-2011-GVF-0229

Access Restriction:

Restricted for use by site license