GST is one of the most crucial tax reforms in India which has been long pending. The proposed goods and services tax is in fact the brainchild of ex-finance minister Mr. P. Chidambran. It was supposed to be implemented from April 2010, but due to political issues and conflicting interests of...

Although VAT concessions have long been viewed as sources of revenue loss, economic distortions and increased compliance and administrative costs, they have proved stubbornly resistant to removal or modification. This article suggests a new mode of analysis that could be used as a reform tool....

The Indian Goods and Services Tax (GST) regime recently replaced the earlier laws providing for tax on supplies of goods and services. Under the new regime, transfer pricing rules have been introduced, which were virtually non-existent earlier. The GST regime insists on arm's length pricing in...

In this article, the author describes the differences between the Member States as regards the VAT regimes currently applicable to financial services and the existing problem that financial institutions, in particular businesses in the banking sector, cannot recover input VAT. In addition, he...

One reason conservatives oppose a value-added tax so strenuously it that they believe it is virtually impossible to evade. In fact, there is a growing problem of and literature related to VAT evasion. If conservatives were more aware of this, it might lessen their opposition to a VAT in the U.S

Since the implementation of the value-added tax (VAT) in 1994, such tax has become the most prominent source of taxation income in the Chinese taxation system. However, its reform is far from complete as the VAT is not fully deductible and its coverage is incomplete within industries causing the...

Along with the official replacing of Business Tax with value-added Tax (VAT) for some business sectors in Shanghai's pilot zone, the issue of VAT reform has attracted widespread attention from the public. This paper will first outline the basic concept of VAT, and then briefly elaborate on the...