A U.S. Value-Added Tax: A Review of the Issues
June 1, 1995
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This paper reviews issues related to the introduction of a value-added tax in the United States. In particular, the paper distinguishes between European-styled value-added taxes that are levied similarly to sales taxes, and value-added taxes that are levied through the business and personal income tax systems. The costs and benefits of such taxes, including their potential yield, are then discussed.
Subject: Consumption taxes, Income and capital gains taxes, Income tax systems, National accounts, Personal income, Taxes, Value-added tax
Keywords: Consumption taxes, cost, credit-invoice VAT, Income and capital gains taxes, Income tax systems, PDP, Personal income, rate, tax, Value-added tax, VAT base, VAT evasion, VAT revenue, VAT system, VAT yield, VAT-style tax, yield
Pages:
30
Volume:
1995
DOI:
Issue:
008
Series:
Policy Discussion Paper No. 1995/008
Stock No:
PPIEA0081995
ISBN:
9781451970739
ISSN:
1564-5193
Notes
Reviews issues related to the introduction of a value-added tax in the United States.
