By Richard Bird, Pierre-Pascal Gendron
VAT is an important tax in so much constructing and transitional nations. This publication attracts on quite a lot of adventure and learn to debate a variety of conceptual and functional matters regarding VAT in a manner that's suitable either to scholars and to tax practitioners and officers around the globe. It updates, extends, and amends the one related book-length remedy, the fashionable VAT, an authored paintings released by way of the foreign financial Fund in 2001.
Read Online or Download The VAT in Developing and Transitional Countries PDF
Best development & growth books
This booklet analyzes the results of the break-up of the Soviet Union into fifteen self reliant states. themes mentioned comprise: * previous and current fiscal relatives among the republics, and forecasts for the long run * dialogue of Customs Unions, financial Union or funds Union as attainable methods ahead for those states * monetary integration conception * how the states of the Soviet Union functioned sooner than the dissolution.
The well known 'Kerala version' of improvement has been the point of interest of debate for the previous numerous years and the 1st variation of this booklet, released in 1999, was once an important contribution to that discuss. This revised version focuses no longer rather a lot at the extra well-researched determinants of Kerala's good fortune yet at the hitherto missed financial backwardness of the kingdom, the commercial reforms applied because the early Nineties, the extensive financial alterations in the course of the Nineteen Nineties, and the commercial difficulties and improvement concerns dealing with Kerala this day.
Ebook via J. Aitchison, J. A. C. Brown
One of many world’s major economists of inequality, Branko Milanovic offers a daring new account of the dynamics that force inequality on an international scale. Drawing on gigantic information units and state-of-the-art examine, he explains the benign and malign forces that make inequality upward push and fall inside of and between countries.
Additional resources for The VAT in Developing and Transitional Countries
At the end of each tax period the government must (so to speak) pay back input tax credits so the net flow of revenue to government depends entirely on the amount that is collected on the final sales – that is, ‘sales to others than VAT registrants’ – taking place in the economy in that period (OECD 1988). If the VAT payment period is identical to the normal commercial payment period, as is often the case, and the level of activity of VAT taxpayers is constant over time, the same arithmetic applies even in the case of a single VAT taxpayer: neither the taxpayer nor the government gains or loses in revenue terms by moving to a VAT.
29 It is unfortunate that so few attempts have been made to measure the real trade-offs in such design decisions. Much the same can be said about VAT compliance costs. While many studies have attempted to measure these costs in a few (mainly developed) countries (Hasseldine 2005), it is by no means obvious what, if anything, one can or should learn from such studies with respect to VAT design and administration in developing and transitional countries. Why, for instance, is the now standard advice for high thresholds in such countries (Keen and Mintz 2004) – advice that is based at least in part on the common finding of compliance cost studies with respect to the relatively much higher costs imposed on smaller firms – so generally ignored?
The same concern arises under VAT because a registered firm can make a false claim for input tax credits. Due and Mikesell (1994, chap. S. states and its widely varying importance in revenue terms. Due and Mikesell (1994, chap. 3) discuss state treatment of production inputs in detail. 18:21 P1: KNP 9780521877657c03 CUNY898/Bird 978 0 521 87765 7 The Economics of Tax Choice July 17, 2007 37 RST he or she has paid on various inputs. The firm in turn incorporates this additional $100 in its cost base in determining the price it charges for its own product, assuming it can pass the tax on fully.