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The Resource Consumption tax trends : VAT/GST and excise rates, trends and policy issues

Consumption tax trends : VAT/GST and excise rates, trends and policy issues

Label
Consumption tax trends : VAT/GST and excise rates, trends and policy issues
Title
Consumption tax trends : VAT/GST and excise rates, trends and policy issues
Creator
Subject
Language
eng
Summary
This biennial report presents cross-country comparative data relative to consumption taxes in OECD member countries, as at 1 January 2018. Tables using data from the National Accounts and data on tax revenue from Revenue Statistics 2018 are updated up to and including 2016. Price levels for fuel oils are updated as at 4th Quarter 2017 from Energy Prices and Taxes - Quarterly Statistics issued by the International Energy Agency. The country data for the report have, for the most part, been provided by delegates to the Committee on Fiscal Affairs' Working Party N°9 on Consumption Taxes. This publication illustrates the evolution of consumption taxes as instruments for raising tax revenue and, sometimes, to influence customer behaviour. It identifies and documents the large number of differences that exist in respect of the consumption tax bases, rates and implementation rules while highlighting the features underlying their development. It looks, in particular, at revenue and policy trends and developments in the Value Added Tax/Goods and Services Tax (VAT/GST) area. It notably presents an updated estimate of the VAT Revenue Ratio (VRR) for OECD countries, providing an indicator of the loss of VAT revenue as a consequence of exemptions and reduced rates, fraud, evasion and tax planning. It provides an update on the implementation of the OECD International VAT/GST Guidelines as the international standard for the application of VAT to cross-border trade in services and intangibles and, in particular, on the implementation of the recommended rules and mechanisms for the efficient and effective collection of VAT on digital sales. Chapter 1 summarises trends in consumption taxes and their main features. It shows the evolution of consumption tax revenues between 1965 and 2016 and looks in some more detail at the challenges of applying VAT to international trade, and at policy responses particularly in the context of cross-border online trade. Chapter 2 describes the key features of VAT regimes in OECD countries, i.e. tax rates, exemptions, specific restrictions to input tax credit, registration and collection thresholds, and special tax collection methods. It also considers the recent evolutions concerning the struggle against VAT fraud. It finally describes how the VAT Revenue Ratio (VRR) provides an indicator of the effect of exemptions, reduced rates and non-compliance on government revenues and explains how it is calculated and should be interpreted. Chapter 3 describes the main features of excise duties and their impact on revenue, customer behaviour and markets. It shows the detailed excise tax rates on beer, wine, alcoholic beverages, tobacco, and mineral oil products in OECD countries. It also provides an estimate of the total tax burden in a pack of cigarettes in OECD countries. Chapter 4 describes the main features of vehicle taxes and their use for influencing customer behaviour. It provides detailed information on taxes on sale and registration of vehicles and recurrent taxes
http://library.link/vocab/creatorName
Buydens, S
Former title
  • Consumption tax trends : VAT/GST and excise rates, trends and administration issues
  • Consumption tax trends : VAT/GST, excise and environmental taxes
Geographic coverage
  • International
  • OECD
Index
no index present
Language note
English
Literary form
non fiction
http://library.link/vocab/subjectName
  • consumption tax
  • VAT
  • GST
  • retail sales tax
  • destination principle
  • excise duty
  • tobacco tax
  • mineral taxation
  • motor vehicles tax
  • environmental tax
Label
Consumption tax trends : VAT/GST and excise rates, trends and policy issues
Instantiates
Publication
Edition
12th ed.
Extent
202 p.
Isbn
9789264309036
Isbn Type
(pdf)
Issn
  • 1562-8752 (print)
  • 1999-0979 (online)
Label
Consumption tax trends : VAT/GST and excise rates, trends and policy issues
Publication
Edition
12th ed.
Extent
202 p.
Isbn
9789264309036
Isbn Type
(pdf)
Issn
  • 1562-8752 (print)
  • 1999-0979 (online)

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