Vat Exemptions: Consequences and Design Alternatives

By de La Feria, Rita de La Feria, Herman Van Kesteren

"The theoretical economic neutrality of the value-added tax (VAT), its comparatively low vulnerability to fraud, and its proven ability to raise signifi cant revenues have led to its ultimate adoption in some form or another by most countries and by many hundreds of subnational administrations worldwide. However, nowhere is VAT found without exemptions, a feature that undermines its fundamental logic and compromises its effi ciency and neutrality."

• Format: Hardcover
• Language: English
• ISBN: 9041132767
• ISBN13: 9789041132765
• Release Date: February 2013
• Publisher: Kluwer Law International
• Length: 392 Pages
• Weight: 1.59 lbs.
• Dimensions: 0.9" x 6.1" x 9.2"