Author: Commission of the European Communities. Directorate-General for Taxation and Customs UnionPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Report from Working Party No.1 Harmonisation of Turnover Taxes
Author: Commission of the European Communities. Directorate-General for Taxation and Customs UnionPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Working Party No.1 Harmonisation of Turnover Taxes
Author: Commission of the European Communities. Directorate-General Customs and Indirect TaxationPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Modernizing VATs in Africa
Author: Sijbren CnossenPublisher: Oxford University Press, USA
ISBN: 0198844077
Category : Business & Economics
Languages : en
Pages : 366
Book Description
Most African countries are in dire need of more tax revenue. In 28 out of 45 countries with a value-added tax (VAT), total tax revenue as a percentage of GDP is around 15% or less, falling short of what is necessary to finance basic human and economic development. Far from being revenue-raising instruments, current African VATs are riddled with exemptions, exclusions, and zero rates on domestic goods and services that depress revenue, are highly distortionary, and greatly complicate the administration of VAT. Modernizing VATs in Africa enables policymakers, professionals, and students to analyse African tax systems to ascertain how they can be modernized. It explains the case for VAT base-broadening over rate-increasing, arguing that exemptions and zero rates mainly accrue benefits for higher-income groups. Even more persuasively, it demonstrates that the net result of fiscal systems can be equalizing if the revenue of broad-based VATs is used to finance in-kind transfers, such as healthcare and education. VAT modernization should be used to enable governments to finance development; Modernizing VATs in Africa puts a compelling case forward for how and why this can be achieved.
Insurance in European VAT
Author: Marta Papis-AlmansaPublisher: Kluwer Law International B.V.
ISBN: 9041183612
Category : Law
Languages : en
Pages : 354
Book Description
Insurance constitutes a significant part of the financial services sector and is one of the foundations of modern economy and society. In the design of tax laws, however, whether and how to tax insurance is a complex issue that has become particularly controversial in the area of value-added tax (VAT). In the European Union, as in most of the world, insurance is exempt from VAT, but New Zealand and Australia do not follow this practice. Given that New Zealand’s simple, comprehensive goods and services tax (GST) – called ‘the world’s purest value-added tax’ – and its modified Australian version do not appear to suffer from the shortcomings in efficiency and effectiveness that plague European VAT, a comparison of the two systems is in order. This book is not only the first comparative in-depth study of the treatment of insurance in the two systems, but also the first comprehensive legal research devoted to the treatment of insurance in EU VAT published in English. Among the underlying issues and topics treated by the two systems covered are the following: – who has a right to deduct input VAT in relation to supplies inherent in insurance arrangements and to what extent; – what constitutes a supply of insurance and consideration for such a supply; – what transactions fall within the scope of the VAT Directive’s exemption for insurance; and – drawing a line between insurance and saving. The analysis is grounded in a methodology in which concepts of European VAT are compared with concepts performing the same function in the Australian and New Zealand GST laws. The author concludes with proposals for reform in EU VAT in the light of experience in these two major non-EU countries. Given that it has been proven that exemptions from VAT (such as insurance) cause a significant number of economic distortions and inefficiencies, this study represents a major contribution to a topical debate in European VAT law. It will be welcomed by taxation authorities, interested policymakers, practitioners, and scholars not only in Europe but worldwide.
OECD Papers
Author: Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 844
Book Description
A compilation of reports previously issued by the OECD.
Bulletin
Author: European Economic CommunityPublisher:
ISBN:
Category : Europe
Languages : en
Pages : 1100
Book Description
OECD Economic Studies
Author: Fiscal Harmonization in Common Markets: Practice
Author: Carl Sumner ShoupPublisher:
ISBN:
Category : International economic integration
Languages : en
Pages : 712
Book Description
Author: 
Author: