A U.S. Value-Added Tax: A Review of the Issues

Christopher Towe and Saurin Shah

No 1995/008, IMF Policy Discussion Papers from International Monetary Fund

Abstract: This paper reviews issues related to the introduction of a value-added tax in the United States. In particular, the paper distinguishes between European-styled value-added taxes that are levied similarly to sales taxes, and value-added taxes that are levied through the business and personal income tax systems. The costs and benefits of such taxes, including their potential yield, are then discussed.

Keywords: PDP; yield; cost; tax; VAT base; rate; credit-invoice VAT; VAT-style tax; VAT system; VAT evasion; VAT revenue; VAT yield; Value-added tax; Income and capital gains taxes; Income tax systems; Consumption taxes; Personal income (search for similar items in EconPapers)
Pages: 30
Date: 1995-06-01
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