Hidden Bibliographic Details
Other authors / contributors: | Smith, Stephen, 1955- author.
International Monetary Fund. Fiscal Affairs Department.
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ISBN: | 1283512467 9781283512466 9781451865950 1451865953
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Notes: | "February 2007." At head of title: Fiscal Affairs Department. Includes bibliographical references (pages 30-33). 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 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse, and this has recently become an urgent concern in the European Union (EU). This paper describes the main forms of noncompliance distinctive to a VAT, considers how they can be addressed, and assesses evidence on their extent in high-income countries. While the practical significance of current difficulties in the EU should not be over-stated, administrative measures alone may prove insufficient to deal with them, and a fundamental redesign of the VAT treatment of intra-community trade required. The current difficulties in the EU largely reflect circumstances that would not apply in the United States.
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Other form: | Print version: Keen, Michael. VAT fraud and evasion. [Washington, D.C.] : International Monetary Fund, 2007
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