{"product_id":"virtues-and-fallacies-of-vat-robert-f-van-brederode-9789403524238","title":"Virtues and Fallacies of VAT: An Evaluation after 50 Years","description":"\u003cp\u003eValue-added tax (VAT) is a mainstay of revenue systems in more than 160 countries. Because consumption is a more stable revenue base than other tax bases, VAT is less distorting and hence more likely to encourage investment, savings, optimum labor supply decisions, and growth. VAT is not without criticism however, and faces its own specific technical and policy challenges. This book, the first to thoroughly evaluate VAT from a global policy perspective after over 50 years of experience with its intricacies, offers authoritative perspectives on VAT's full spectrum--from its signal successes to the subtle ways its application can undermine revenue performance and economic neutrality.\u003c\/p\u003e \u003cp\u003eThe contributors--leading tax practitioners and academics--examine the key policy issues and topics that are crucially relevant for measuring the success of the tax in the first part of the book, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003erevenue generation and revenue efficiency; \u003c\/li\u003e \u003cli\u003esingle rate versus multiple rates; \u003c\/li\u003e \u003cli\u003esusceptibility to fraud; \u003c\/li\u003e \u003cli\u003eexemptions and exceptions; \u003c\/li\u003e \u003cli\u003ecompliance cost for businesses; \u003c\/li\u003e \u003cli\u003epolicy and compliance gaps in revenue collection;\u003c\/li\u003e \u003cli\u003eadjustment rules caused by the transactional nature of the tax; \u003c\/li\u003e \u003cli\u003etransfer pricing issues; \u003c\/li\u003e \u003cli\u003etreatment of vouchers; \u003c\/li\u003e \u003cli\u003epermanent establishments and holding companies;\u003c\/li\u003e \u003cli\u003epayment of refunds; \u003c\/li\u003e \u003cli\u003ecross-border digital transactions; and\u003c\/li\u003e \u003cli\u003esupplies for free or below cost price.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe second part offers six country reports--on New Zealand, Japan, China, Colombia, Ethiopia, and India--to demonstrate the different ways in which VAT operates in a variety of national economies.\u003c\/p\u003e \u003cp\u003eWhether a government is contemplating the imposition of a general consumption tax for the first time or new rules for applying an existing one, it is important for policymakers to keep central the aim to design a tax that realizes optimal efficiency and causes minimal distortions. This invaluable book serves as an expert guide to VAT policy development in this area. It will be welcomed not only by concerned government officials but also by tax professionals (both lawyers and accountants) and academics in tax law.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Robert F. Van Brederode\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 9403524235\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9789403524238\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Kluwer Law International\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/09\/2021\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 728\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.62lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 1.56d","brand":"Robert F. Van Brederode","offers":[{"title":"Hardcover","offer_id":43981686145279,"sku":"9789403524238","price":183.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_b7438763-b760-476e-add3-a582840d6adc.jpg?v=1683256971","url":"https:\/\/www.whiterainbookhouse.com\/products\/virtues-and-fallacies-of-vat-robert-f-van-brederode-9789403524238","provider":"WR Book House","version":"1.0","type":"link"}