Hidden Bibliographic Details
| Varying Form of Title: | Value added tax attacks!
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| Other authors / contributors: | International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1282545094
9781282545090
1451911599
9781451911596
1462325556
9781462325559
9786613822116
6613822116
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| Notes: | Includes bibliographical references (pages 19-21).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Like the theory of the second best that the 2006 congress marks, the VAT is now fifty years old. Judged by the extent and speed of its spread around the world, and the revenue that it raises, the VAT would seem to have been a remarkable success. Over the last few years, however, it has come under a series of attacks. This paper considers three of the most prominent of these. One is the fear (raised mainly in the United States) that the VAT actually does too good a job of raising tax revenue. The second is the view that the VAT does a bad job of taxing the informal sector -and that tariffs might be a better revenue-raising instrument for many developing countries. The third attack is the most literal, by criminals rather than theorists: in the European Union and elsewhere, sophisticated VAT fraud, targeting its refund provisions, has become a serious concern.
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| Other form: | Print version: Keen, Michael. VAT attacks!. Washington, D.C. : International Monetary Fund, Fiscal Affairs Dept., 2007
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| Standard no.: | 10.5089/9781451911596.001
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