Value-Added Tax as a New Revenue Source
Description:
Some Members of Congress have expressed interest in the feasibility of using a
value-added tax (VAT) to either replace all or
part of the income tax or finance health care
reform. A VAT is imposed at all levels of
production on the differences between firms’
sales and their purchases from all other firms.
Policymakers may be interested in the following aspects of a VAT: revenue yield, international comparison of composition of taxes,
vertical equity, neutrality, inflation,
balance-of-trade, nat…
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Date:
December 12, 2002
Creator:
Bickley, James M.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department