Value Added Tax: Let It Be

Ana Corbacho, Vicente Fretes Cibils and Eduardo Lora
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Ana Corbacho: Columbia University
Vicente Fretes Cibils: North Carolina State University

Chapter 9 in More than Revenue, 2013, pp 159-175 from Palgrave Macmillan

Abstract: Abstract The idea of levying a tax on value added emerged in the first half of the twentieth century, and has spread throughout the world. Introduced in France in 1954, a value added tax (VAT) had been adopted by 10 countries by the late 1960s, by 48 countries by the late 1980s, and is used by more than 140 countries today. It has been so successful because, in comparison with other revenue sources such as foreign trade taxes, income tax, or social security contributions, VAT offers advantages in terms of revenue, neutrality (equal treatment for all sectors), and ease of administration (simplicity of monitoring and enforcement).

Keywords: Potential Revenue; Income Decile; Kakwani Index; Consumption Basket; High Income Decile (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31597-7_9

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DOI: 10.1057/9781137315977_9

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