The Resource VAT and financial services : competing perspectives on what should be taxed

VAT and financial services : competing perspectives on what should be taxed

Label
VAT and financial services : competing perspectives on what should be taxed
Title
VAT and financial services : competing perspectives on what should be taxed
Creator
Subject
Language
eng
Summary
The taxation of financial services under a value added tax (VAT) presents both conceptual and practical challenges. This has resulted in a large literature and much controversy. This article has two features. First, it analyses the application of a VAT to all major types of financial services, including investment services, consumer and business loans, payment services, credit cards, and two types of pooling arrangements, gambling and insurance. The ways in which the VAT applies to these transactions frequently will vary depending on the type of service. A second feature of the article is that it considers the appropriate VAT treatment of the transactions from the perspective of two views of "consumption," the concept at the heart of the tax base for a VAT and all other consumption taxes. The article also reviews the practical problems in implementing some of the conclusions, the policies that various governments have adopted, and the proposals that have been put forward
Citation source
In: Tax law review. - New York. - Vol. 65 (2012),
http://library.link/vocab/creatorName
  • Grubert, H
  • Krever, R.E
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • VAT
  • financial services
  • investment
  • loan
  • intermediary
  • leasing
  • insurance
Label
VAT and financial services : competing perspectives on what should be taxed
Instantiates
Publication
Label
VAT and financial services : competing perspectives on what should be taxed
Publication

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