Value-added tax : international practice and problems / Alan A. Tait.

Includes bibliographical references (pages 417-432) and index.

This book is a completely new examination of VAT. It looks at problems and theoretical options and potential impacts, as well as detailing the practical aspects of implementing new tax structures. The author advances arguments for and against alternative policies and illustrates his study with international example from Europe, Latin America, Asia, and the Pacific.

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Contents -- Preface -- Part I: Structure of VAT -- 1. Why a Value-Added Tax? -- VAT in Theory -- Why Adopt the VAT? -- A VAT�But Not Just Yet -- Conclusion -- 2. VAT Rates -- A Single Rate or Multiple Rates? -- Effective Rates -- VAT Rates and Excise Duties -- Geographical Rates -- Rate Harmonization -- 3. Exemptions and Zero Rating: Equity Arguments -- Exempt Goods and Services -- Zero Rating -- Justifications for Exemptions and Zero Rating -- Goods and Services Exempt and Zero Rated for Progressivity -- 4.Merit Goods -- Children's Clothing

Medical and Veterinary ServicesCultural Activities -- Government Purchases and Sales -- Nonprofit Organizations -- 5. Difficult-to-Tax Goods and Services -- The Construction Industry -- Leasing Goods and Agents -- Financial Services -- Services Performed Abroad -- Auctioneers and Secondhand Goods -- Craftsmen -- Betting, Gaming, and Lotteries -- Racing -- 6. Retailers and Other Small Traders -- Should the Retail Stage Be Included? -- The Retail Problem Is the Small Trader Problem -- The Criteria for Exemptions -- Problems of Small Businesses

Five Ways to Treat the Smallest BusinessesTreatment of Small Enterprises in EC Countries -- The Preferred Solution -- Records for Small Traders -- 7. Treatment of Agriculture -- The EC Common Flat Rate for Agriculture -- Treatment of Agriculture in Other Countries -- Preferred Solutions -- 8. Federal VAT and Sales Tax Harmonization -- VAT Used in Federal Systems -- Customs Unions -- United States -- Canada -- Municipal Sales Taxes -- 9. Transitional Problems -- Publicity -- Registration -- Educational Visits

Transitional Problems: Stocks and InventoriesTransitional Problems: Capital Goods -- Other Transitional Problems -- Changes to VAT Rates and Liability to VAT -- Part II:Effects of VAT -- 10. Effects of VAT on Prices -- Price Change Forecasts -- Actual Policies -- Other Empirical Evidence -- 11. Effects of VAT on the Economy -- Distribution -- Efficiency and Neutrality -- Savings and Investment -- Foreign Trade -- Size of the Public Sector -- Management of the Economy -- Part III: VAT Administration and Compliance -- 12. Administration and Staffing

Who Should Run a VAT? Central Versus Local Administration: Organization and Functions -- Staffing -- Transitional Staff Problems -- Costs of Administration -- 13. Control -- Taxpayer Registration -- Registration and Deregistration -- Invoices -- Payments and Refunds -- Audit -- 14. Evasion, Enforcement, and Penalties -- Forms of Evasion -- Enforcement -- Penalties -- 15. Computers and VAT -- General Considerations -- Planning -- Basic Assumptions and Rules -- System Design and Responsibilities: Assumptions -- Personnel and Training

English.

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