A U.S. Value-Added Tax: A Review of the Issues
IMF Policy Discussion Papers, June 1, 1995
Source details
- Canonical URL
- A U.S. Value-Added Tax: A Review of the Issues
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Bibliographic details
- Authors: Christopher M Towe, Saurin Shah
- Published: June 1, 1995
- Series: IMF Policy Discussion Papers
- DOI: https://doi.org/10.5089/9781451970739.003
Overview
- Paper reviews issues related to the introduction of a value-added tax in the United States.
- Distinguishes between:
- European-styled value-added taxes that are levied similarly to sales taxes.
- Value-added taxes that are levied through the business and personal income tax systems.
- Discusses the costs and benefits of such taxes, including their potential yield.
Major themes and analytical focus
- Tax design variants:
- Comparison of European-styled VAT (sales-tax-like) versus VAT implemented through business and personal income tax systems.
- Economic assessment:
- Examination of costs and benefits associated with introducing a VAT in the United States.
- Consideration of VAT yield potential (discussed qualitatively in the paper).
- Tax administration and measurement:
- Engagement with issues relevant to VAT base, VAT evasion, VAT revenue, and VAT system design (keywords indicate coverage).
Subjects and keywords
- 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
Access and related notes
- Classified under: IMF Policy Discussion Papers
- Notes: Reviews issues related to the introduction of a value-added tax in the United States.
- eLibrary: Visit the IMF eLibrary for available formats.
Source: A U.S. Value-Added Tax: A Review of the Issues, Christopher M Towe and Saurin Shah, IMF Policy Discussion Papers, June 1, 1995.