How to tax financial services is in many ways the key ‘frontier’ issue for VAT in developed countries. No convincing … conceptually correct and practical solution for capturing the bulk of financial services under the VAT has yet been developed … developing and transitional countries. Surprisingly, however, it may not be that difficult to collect at least some VAT on …

In this paper we discuss some recent critical literature on VAT in developing countries relating to its revenue … been made, on the whole if a country needs a general consumption tax, as most developing countries do, then VAT is the one … to have in almost all cases – although this conclusion certainly does not imply that the VAT already in force in most …

substantially departs from full taxation in most VAT regimes around the world. The problems with the mostly exempt regime for those …

How to tax financial services is in many ways the key frontier issue for VAT in developed countries. No convincing … conceptually correct and practical solution for capturing the bulk of financial services under the VAT has yet been developed … least some VAT on financial services even in such countries. This article examines the current VAT treatment of financial …