Listing 1 - 2 of 2 |
Sort by
|
Choose an application
Conventional wisdom has it that the value-added tax is not a suitable instrument for lower-level jurisdictions (‘provinces’) in a federal system. The problems that arise when it is so used have become a serious constraint on the development of the VAT—and closer economic integration—in Brazil, the EU, India and elsewhere. This paper describes and compares two recent proposals for forms of VAT intended to alleviate these difficulties: the VIVAT and the CVAT. Both enable the VAT chain to be preserved on inter-provincial trade without compromising the destination principle (allowing provinces to tax consumption at different rates) or introducing new scope for game-playing by the provinces. The key difference between them is that the CVAT requires sellers to discriminate between buyers located in different provinces of the federation, whereas VIVAT requires them to discriminate between registered and non-registered buyers. Where the balance of advantage between the two lies is not entirely obvious.
Public Finance --- Taxation --- International Taxation --- Taxation, Subsidies, and Revenue: General --- State and Local Taxation, Subsidies, and Revenue --- Business Taxes and Subsidies --- Public finance & taxation --- Sales tax, tariffs & customs duties --- Value-added tax --- Tax incentives --- Tax administration core functions --- Destination-based taxation --- Administration in revenue administration --- Taxes --- Revenue administration --- Sales tax --- Spendings tax --- Tax administration and procedure --- Double taxation --- Revenue --- Canada
Choose an application
In all of the new countries formed after the dissolution of the Soviet Union, other than the Baltics, the value-added taxes (VATs) adopted were “hybrid” VATs that treat CIS trade differently from trade with the rest of the world. This paper inquires whether this is appropriate. The paper concludes that it would be better if all CIS countries applied the destination principle to CIS trade as well as to trade with the rest of the world. The paper addresses the economic, administrative and revenue allocation considerations underlying this decision.
Business Taxes and Subsidies --- Destination-based taxation --- Double taxation --- Efficiency --- Empirical Studies of Trade --- Exports and Imports --- Exports --- Fiscal Policy --- Globalization: Finance --- Imports --- International economics --- International Fiscal Issues --- International Policy Coordination and Transmission --- International Public Goods --- International Taxation --- International Trade Organizations --- International trade --- Optimal Taxation --- Public finance & taxation --- Spendings tax --- Tariff --- Tariffs --- Taxation --- Taxation, Subsidies, and Revenue: General --- Taxes --- Trade Policy --- Trade: General --- Value-added tax --- Russian Federation
Listing 1 - 2 of 2 |
Sort by
|