Download or read book Departures from Neutrality in Canada s Goods and Services Tax written by Michael Smart and published by . This book was released on 2012 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Departures from neutrality in Canada s goods and services tax written by and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the headline federal tax rate of five percent remains one of the lowest in the world among countries with value-added taxes (VATs), the decision of many provinces to adopt provincial VATs modelled on the GST has vastly increased the importance of VAT in Canada. [...] I also report in Table 1 estimates of tax expenditures for provincial VAT revenues in Quebec and the five HST provinces.6 Since the provincial bases largely conform to the federal base, the provincial figures largely mirror the federal ones, adjusted for the different provincial VAT rates, and for the share of the VAT provinces in the national economy.7 TABLE 1. TAX EXPENDITURES UNDER THE GST AND [...] When all countries with VATs zero- rate exports and tax imports, then all consumer purchases are taxed at the rate applying in the country where they are consumed, rather than at some mix of the tax rates in the destination and origin countries.9 In this paper I take zero-rating of exports as part of the definition of the ideal VAT, and I concentrate on departures from neutrality in the domestic t [...] The ratio may be higher or lower in a country due to a variety of factors, including the magnitude of revenues obtained by taxing inputs in exempt sectors (which increases the ratio despite the implied non-neutralities), the sectoral composition of value-added, and the extent of compliance with the tax law. [...] In the end, the implications of specific and general egalitarianism for the GST base are largely the same, and the same critique applies in both cases.
Download or read book Virtues and Fallacies of VAT An Evaluation after 50 Years written by Robert F. van Brederode and published by Kluwer Law International B.V.. This book was released on 2021-08-09 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value-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. The 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: revenue generation and revenue efficiency; single rate versus multiple rates; susceptibility to fraud; exemptions and exceptions; compliance cost for businesses; policy and compliance gaps in revenue collection; adjustment rules caused by the transactional nature of the tax; transfer pricing issues; treatment of vouchers; permanent establishments and holding companies; payment of refunds; cross-border digital transactions; and supplies for free or below cost price. The 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. Whether 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.
Download or read book Tax Is Not a Four Letter Word written by Alex Himelfarb and published by Wilfrid Laurier Univ. Press. This book was released on 2013-11-08 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxes connect us to one another, to the common good, and to the future. This is a book about taxes: who pays what and who gets what. More than that, it’s about the role of government, about citizenship and our collective well-being, about the Canada we want. The contributors, leading Canadian practitioners and scholars, explore how taxes have become a political “no-go zone” and how changes in taxation are changing Canada. They challenge the view that any tax is a bad tax and provide broad directions for fairer and smarter approaches. This is a book that will be of interest to anyone concerned with public policy and public affairs, economics, and political science and to anyone interested in challenging the conventional wisdom that lower taxes and smaller government are the cures to what ails us.
Download or read book The Bahamas written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2014-01-28 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on tax reforms for increased buoyancy in The Bahamas. The Bahamas has a low tax effort owing to limited tax handles and underutilization of available ones. Real property tax collections as percent of GDP have doubled within a decade. In addition to the real property taxes, a graduated stamp duty on the conveyance of immovable property is imposed at fairly steep rates. As a requirement to World Trade Organization membership, the tariff rates will be lowered from their current levels. It is expected that revenue losses from tariff reduction will be compensated by value-added tax revenues.
Download or read book Canadian Tax Journal written by and published by . This book was released on 2004 with total page 762 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of Proceedings of the Annual Tax Conference Convened by the Canadian Tax Foundation written by Canadian Tax Foundation and published by . This book was released on 1986 with total page 1494 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book National Tax Journal written by and published by . This book was released on 1969 with total page 1104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Modern VAT written by Mr.Liam P. Ebrill and published by International Monetary Fund. This book was released on 2001-11-05 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value-added tax, or VAT, first introduced less than 50 years ago, is now a pivotal component of tax systems around the world. The rapid and seemingly irresistible rise of the VAT is probably the most important tax development of the latter twentieth century, and certainly the most breathtaking. Written by a team of experts from the IMF, this book examines the remarkable spread and current reach of the innovative tax and draws lessons about the design and implementation of the VAT, as experienced by different countries around the world. How efficient is it as a tax, is it fair, and is it suitable for all countries? These are among the questions raised. This highly informative and well-researched book also looks at the likely future of the tax.
Download or read book Revue Canadienne D conomique written by and published by . This book was released on 1987 with total page 942 pages. Available in PDF, EPUB and Kindle. Book excerpt: A general interest journal in economics.
Download or read book Canadian Tax Papers written by and published by . This book was released on 1986 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bulletin for International Fiscal Documentation written by International Bureau of Fiscal Documentation and published by . This book was released on 1999 with total page 652 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Limits and Problems of Taxation written by Finn R. Forsund and published by Springer. This book was released on 1985-06-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together a number of new studies concerned with some of the topical problems of taxation. In Part I, limits of taxation are considered from the viewpoint of normative tax theory, its relation to the 'hidden' economy, and in terms of empirical estimates of the effects of taxes. Part II contains three theoretical studies which extend the theory of income taxation and redistribution. Part III deals with the corporate tax and contains both theoretical and empirical contributions. In conclusion, Part IV is devoted to two analyses of alternatives to income and corporate taxation. The authors represent a number of different countries and viewpoints.
Download or read book The Retail Sales Tax in Canada written by Albert J. Robinson and published by Canadian Tax Foundation = Association canadienne d'études fiscales. This book was released on 1986 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of the Goods and Services Tax written by John Whalley and published by Canadian Tax Foundation = Association canadienne d'études fiscales. This book was released on 1990 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the Canadian debate on GST Operation deficiencies and economic effects of MTS are investigated and previous attempts at tax reform summarised.
Download or read book Taxing Consumption written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre. This book was released on 1988 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a comprehensive survey of OECD country practices on value added tax over the last two decades as well as an analysis of the policy and practical choices that governments have had to make in taxing goods and services.
Download or read book Report of Proceedings of the Tax Conference written by Canadian Tax Foundation and published by . This book was released on 1970 with total page 1052 pages. Available in PDF, EPUB and Kindle. Book excerpt:
