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Wednesday, November 4, 2020 | History

3 edition of The value-added tax in the European Economic Community found in the catalog.

The value-added tax in the European Economic Community

United States. General Accounting Office

The value-added tax in the European Economic Community

report to the Congress

by United States. General Accounting Office

  • 246 Want to read
  • 10 Currently reading

Published by U.S. General Accounting Office in Washington, D.C .
Written in English

    Places:
  • European Economic Community countries.
    • Subjects:
    • Value-added tax -- European Economic Community countries.

    • Edition Notes

      Statementby the Comptroller General of the United States.
      Classifications
      LC ClassificationsHJ5715.E95 U543 1980
      The Physical Object
      Paginationiv, 27 p. :
      Number of Pages27
      ID Numbers
      Open LibraryOL4239576M
      LC Control Number80604157


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The value-added tax in the European Economic Community by United States. General Accounting Office Download PDF EPUB FB2

The European Union value-added tax (or EU VAT) is a value added tax on goods and services within the European Union (EU). The EU's institutions do not collect the tax, but EU member states are each required to adopt a value added tax that complies with the EU VAT code.

Different rates of VAT apply in different EU member states, ranging from 17% in Luxembourg to 27% in Hungary. Value added tax in the EEC. [Dennis A Parkinson] -- The book gives an overview of general principles and regulations of VAT in European countries. Home. WorldCat Home About WorldCat Help.

Search. Search for Library Items Search for Lists Search for # Value-added tax--European Economic Community countries\/span>\n \u00A0\u00A0\u00A0\n schema. Get this from a library.

The value-added tax in the European Economic Community: summary: report to the Congress. [United States. General Accounting Office.]. Terree Alverson, “Does the Value-Added Tax Contribute to Increased Government Spending and Taxation,” U.S.

Chamber of Commerce Economic Outlook, April/Maypp. 12– rows    Value Added Tax (VAT Rates) per Country. Including VAT (Value Added. Value Added Tax is applied across the entire European economic community. (Photo: Photodisc/Photodisc/Getty Images) Business owners and tourists from the United States may be surprised by the.

In the Council o f European Economic Co and Development ” that "the rapid rise of the value-added tax was the most dramatic Value Added tax (VAT) – in View of : Rehana Ismail. Commission of the European Communities., books Statistical Office of the European Communities, 64 books European Economic Community., 44 books Frost & Sullivan., 20 books France.

Conseil économique et social., 16 books Jürgen Schwarze, 14 books European Economic Community. Whether you can touch it or not, a book is a book, says the European Union.

In the EU, print books enjoy a lower value-added tax (VAT) than standard goods—but not : Thu-Huong Ha. General Election a brief history of the Value Added Tax of its condition of joining the European Economic Community. All countries joining the EEC had to replace their indirect taxes.

Read the full-text online edition of The Tax on Value Added (). it has been receiving increased attention since the recommendation by the Fiscal and Financial Committee of the European Economic Community in that it be employed as a means of harmonizing the sales tax systems of the member states.

In this book the character of value. Value Added Tax This book integrates legal, economic, and administrative materials about the value added tax (VAT) to present a comparative approach to the study of VAT law.

The comparative presentation of this volume offers an analysis of policy issues relating to tax structure and tax base as well as insights into how cases arising out of VAT.

Also, the literature presents the value added tax analyses of individual countries and VAT comparison to other taxes, but the value added tax that is functioning in the European Union has not yet been analysed or comparison of value added tax systems of different European Union Member States has been conducted, though a great focus on VAT Cited by: 3.

Value-added tax: administrative and policy issues / edited by Alan A. Tait VAT in the European Community / Alan Buckett Determinants of value-added tax revenue: a cross-section analysis / by Zeljko Bogetic and Fareed Hassan.

Economics of Public Finance An Economic Analysis of Government Expenditure and Revenue in the United Kingdom. such as purchase tax or value added tax or on the annual value, such as the local rate assessed on the annual value of real property.

International Perspective and the European Economic Community. Pages A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.

The amount of VAT that the user Author: Julia Kagan. Value Added Taxes in Central and Eastern European Countries: A Comparative Survey and Evaluation. Paris: OECD Organisation for Economic Co-operation and Development.

In this paper, the authors describe South Africa's value added tax (VAT), showing that (1) the VAT is mildly regressive, and (2) it is an effective source of government revenue, compared with.

Definition of value added tax (VAT): Indirect tax on the domestic consumption of goods and services, except those that are zero-rated (such as food and essential drugs) or are otherwise exempt (such as exports).

Introduced by the European Economic Community (now the European Union) in the s. immediate famil dislocated work. European Economic Community (EEC) Value Added Tax (VAT) Assessed on the value added to goods and services. The value added tax is imposed throughout the European Community and European Free Trade Association (EFTA) countries and many other trading nations, but not the U.S.

Separate provisions in the Car Tax Act (/94) apply in respect of the value added tax payable on the car tax. Article 1 a For the purposes of the present Act, Finland means Finland’s value added tax territory, as defined in the legislation of the European Communities, and the province of Åland.

Foreign countries mean all other territories. Value added taxes are the norm in many European countries, but have never been instituted in the United States. So, why is the US government considering a VAT. Rising unemployment has cut into tax deposits and the government is looking for different sources of revenue to fund entitlement programs.

It argues that the expansion of consumption taxation paid for the expansion of welfare states and that bigger welfare states therefore tax consumption more heavily.

We challenge this perspective by looking at the introduction of the Value Added Tax (VAT) in the European Economic Community inthe breakthrough of this form of consumption Author: Lukas Haffert, Daniel F. Schulz, Daniel F. Schulz. Residents of European Union countries need to add a Book Value-Added Tax of 5%.

Institutions and companies, registered as VAT taxable entities in their own EU member state, will not pay VAT by providing IntechOpen with their VAT registration number.

Cited by: 3. Value Added Value added is the risk adjusted return generated by an investment strategy: the return of the investment strategy minus the return of the benchmark.

Value Added The increase to the value of a product at each stage in a production cycle or supply chain. For example, a timber company cuts down trees, which adds value to the wood because it. Author Terra, B. M Subjects Taxation - Law and legislation - European Union countries.; Value-added tax - Law and legislation - European Economic Community countries.; Taxation - Law and legislation - Europe.

Summary The completely revised sixth edition of this leading work brings its comprehensive and systematic survey of European Tax Law up to December Study on the application of Value Added Tax to the property sector: This study performed for the European Commission deals with the application of Value Added Tax to the property sector in 15 Member States of the European Union.

30/09/ COM/88/ We shall present hereinafter the main aspects regarding the value added tax in intra-Community operations, applicable to tax-payers from Romania starting with Under the conditions of Romania’s accession to the European Union, the harmonisation of legislation of.

Schenk, Alain, The Pethora of Consumption Tax Proposals: Putting the Value Added Tax, Flat Tax, Retail Sales Tax and USA Tax into Perspective, 33 San Diego L. Rev. () Shaw, Josephine, European Union Law in Joseph H. Weiler, Introduction to the Law and Institutions of the European Union () ["Weiler, Introduction"].

The value added tax (VAT) regime is regulated in the Value Added Tax Law (VATL). Scope of taxation. Subject to value added tax shall be each taxable supply of goods or services effected for consideration; each intra-European Union acquisition effected for consideration, whereof the place of transaction is within the territory of the country, by a person registered under this Law or by a.

VAT (Value-Added Tax) is collected by all sellers in each stage of the supply chain. Suppliers, manufacturers, distributors and retailers all collect the value added tax on taxable sales.

Suppliers, manufacturers, distributors, retailers and end consumers all pay the VAT on their purchases. Businesses must track and document the VAT they pay on. Value added tax (VAT) is a tax on transactions, rather than a tax on profits, except for users of the second-hand goods scheme or the tour operators’ margin scheme.

VAT was introduced in the UK on 1 Aprili.e. shortly after the UK joined the European Economic Community (EEC), which is now usually known as the European Union (EU).

VAT is the common tax of the EU, and is. EEC European Economic Community EMU Economic and Monetary Union VAT Value Added Tax WEF World Economic Forum WGSE Working Group „Social Europe“ European Union in Art 3 of the Treaty on the European Union (TEU) (Lenaerts and Van Nuff el ).

For the fi rst time, the numerous EU goals explicitly included. example, the explanation of the Value Added Tax systems and problems it creates under GATT and for the United States is concise and does not necessitate further explanation. As has been mentioned above, the principal topic of the book is the European Economic Community.

Its Author: Josef Rohlik. introducing a value added tax (VAT) to replace the ‘purchase tax’ (a single-stage sales tax) as a requirement of entry into the European Community. It may have seemed that there would be little appetite for further reforms to the UK’s indirect tax system for some time to come.

As it turned out. Value added tax (VAT) is a consumption tax, levied at each stage of the consumption chain and borne by the final consumer of the product or service. The administration of VAT is relatively easy, unselective and difficult to evade. The study investigated the impact of value. Sinn, H.W.,Tax harmonization and tax competition in Europe, European Economic Rev – CrossRef Google Scholar [26] Turunen-Red, A.

and Woodland, A. D.,Multilateral reform of domestic taxes, Oxford Economic Pap – Google ScholarCited by: 5.

This study discusses European Commission’s recent proposal to combat VAT fraud by taxing intra-Community supplies at a common rate of 15%, accompanied by the internal correction of input-tax gap between an importer and his own national tax authority, which is caused by the national VAT rate differing from 15%.

It attempts to put this proposal into perspective by linking it to the overall. At the end ofthings will never again be the same inside the European Economic Community (EEC), because, as that year draws to a close, the aims of the Single Act of European Union (SAEU), which became law in July, this year, will have become effective - thus creating a 'real' Common Market.

Branch remittance tax Wage tax/social security contributions. Indirect taxes. Value added tax Capital tax Real estate tax Transfer tax Stamp duty Customs and excise duties Environmental taxes Other taxes.

Taxes on individuals. Residence Taxable income and rates Inheritance and gift tax. In Value Added Tax (VAT) replaced the purchase tax, which had been introduced in This was in anticipation of Britain's entry into the European Economic Community whose member countries were adopting similar systems of 'turnover taxation'.CHAPTER I GENERAL PROVISIONS Article 1.

Scope of the Law AMENDED: By Law No IX of 15 01 (from 01 05 ) 1. This Law establishes the imposition of the value added tax (hereafter VAT) and the obligations of taxable persons, VAT payers and other persons incidental to the payment of.

The book offers a systematic survey of the tax implications of the EC Treaty and of European integration and of the EC tax harmonization policy, a discussion of the Community tax rules in force, and a discussion of the EC Court's case law in tax contents may be divided into six main themes: the far-reaching consequences of the EC 5/5(1).