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Vat Exemptions: Consequences and Design Alternatives

Vat Exemptions: Consequences and Design Alternatives

Hardcover

Investing & FinanceGeneral Law

ISBN10: 9041132767
ISBN13: 9789041132765
Publisher: Kluwer Law International
Published: Feb 13 2013
Pages: 392
Weight: 1.59
Height: 0.88 Width: 6.14 Depth: 9.21
Language: English
The theoretical economic neutrality of the value-added tax (VAT), its comparatively low vulnerability to fraud, and its proven ability to raise signifi cant revenues have led to its ultimate adoption in some form or another by most countries and by many hundreds of subnational administrations worldwide. However, nowhere is VAT found without exemptions, a feature that undermines its fundamental logic and compromises its effi ciency and neutrality.

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