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The Rise of the Value-Added Tax

This book explores one of the most significant trends in the evolution of global tax systems by asking how, within less than half a century, the value-added tax (VAT) has risen from relative obscurity to become one of the world's most dominant revenue instruments. Despite its significance, very little is known about why so many countries have adopted the VAT and, in particular, why different countries adopt the types of VAT that they do. The popular mythology provides that the merits of the VAT have underpinned its global spread; however, this book contends that much scholarship on the VAT confuses the question of why the VAT has risen to dominance with the issue of what makes a good VAT. This book combines policy and legal analysis to propose a new way of understanding the rise of this important revenue instrument so as to better reflect the realities of the VATs that are actually implemented. The first comprehensive and critical account of the rise of the value-added tax, and the first serious scholarly work to address the important question of what has influenced the variety of VATs implemented worldwide Reminds us of the need to move beyond simple stories of convergence and explore complex histories of tax reform, combining legal and policy analysis to offer new insights into the rise of this increasingly important revenue instrument Answers a call for independent research on fiscal trends to provide real explanations, rather than mere justifications, of reform outcomes The research provides new insights into complex issues which dominate VAT design and practice, such as the treatment of financial supplies under a VAT

Detail Information

Call Number
04 RIS kat
Publisher Cambridge University Press : United States of America.,
xxix, 165 p.; 24.5 cm
04 RIS kat