Value-Added Tax as a New Revenue Source
Description:
Some Members of Congress have expressed interest in the feasibility of using a value-added tax (VAT) to either replace all or part of the income tax or finance health care reform. A VAT is imposed at all levels of production on the differences between firms' sales and their purchases from all other firms. Policymakers may be interested in the following aspects of a VAT: revenue yield, international comparison of composition of taxes, vertical equity, neutrality, inflation, balance-of-trade, nat…
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Date:
July 10, 2000
Creator:
Bickley, James M.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department