A U.S. Value-Added Tax: A Review of the Issues

June 1, 1995

Preview Citation

Format: Chicago

Christopher M Towe, and Saurin Shah. A U.S. Value-Added Tax: A Review of the Issues, (USA: International Monetary Fund, 1995) accessed December 26, 2024

Summary

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

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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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.

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