VAT AROUND THE WORLD
|
|
- Beatrice Hodges
- 6 years ago
- Views:
Transcription
1 VAT AROUND THE WORLD International Seminar on Tax Reform Brasilia 4 March 2009 David Holmes Centre for Tax Policy, OECD Paris, France
2 France 1954 SPREAD OF VAT Brazil also an early country to adopt VAT Now a requirement for membership of EU Approx 145 countries including most of South America USA is only OECD country without VAT
3 VAT MODELS Credit Invoice system predominates Japan uses subtraction method EU model followed by most Australia, New Zealand, Canada, Korea, South Africa and a few others have modernised the EU model
4 INTERNATIONAL ISSUES Origin v Destination Destination universally accepted Removes distortions and double taxation Creates neutrality Applies equally to sub federal levels More difficult to administer (eg. EU)
5 FEDERAL ISSUES Most countries employ VAT at national level only Some exceptions Australia Canada India IRAP in Italy
6 AUSTRALIA VAT replaced many state level excises and other taxes Rate and base fixed by federal government Administered as a national VAT by the federal tax administration (ATO) All revenue collected returned to the states Agreed formulae determine amounts ATO deducts cost of administration
7 INDIA Still a work in progress Federal VAT due in 2010 Likely to run in tandem with state VATs Taxing services at state level will require constitutional amendment Too early to determine if the model will work well
8 ITALY National VAT in line with EU VAT legislation Revenue to central government IRAP National tax but proceeds to regions More like a subtraction VAT than a credit invoice VAT Regions have some control over rates and base Origin principle so competition problems
9 Federal GST 5% CANADA 1 Sub federal a mix of VAT, Retail Sales Taxes and no taxes VAT in Québec (QST) VAT in 3 smaller Provinces (Harmonised Sales Tax HST) Retail Sales Taxes (RST) in most other Provinces
10 CANADA 2 Québec has its VAT the QST Québec administers both federal GST and QST Minor differences in QST base as to GST base Two separate taxes Businesses must track two sets of outputs/inputs QST subject to Québec law only (not applicable outside Québec) Québec compensated by federal government
11 CANADA 3 HST is applied in 3 small Atlantic Provinces HST is legislated at federal level so applicable across Canada 8% uniform rate and base is same as federal no separate tracking required (unlike QST) Federal Government administers both federal GST and provincial HSTs HST revenues allocated to 3 Provinces on estimated taxable consumption
12 CANADA 4 Most other provinces apply Provincial Sales Taxes (PST) PST is not a VAT but a Retail Sales Tax (RST) Single stage tax applied primarily to goods (plus some services) similar to US Usually applied to the GST exclusive price Business inputs not always recoverable (40% of revenue comes from business purchases)
13 It seems to work CANADA 5 But requires a very strong administration at both federal and sub federal level Compliance burdens for businesses can be significant The mix of taxes at sub federal level makes it hard to recommend VAT/RST mix The HST model is preferred less compliance costs and no dual tracking
14 CONCLUSIONS Any federal/sub federal VAT/RST system will bring problems Australia solution is best but unlikely to be acceptable to states? Canada s HST looks next best but again, how acceptable to states? Work towards an HST but in stages?
Value Added Tax Overview. Harley Duncan, KPMG Joe Huddleston, EY Boston, August 4, 2017
Value Added Tax Overview Harley Duncan, KPMG Joe Huddleston, EY Boston, August 4, 2017 Notices The following information is not intended to be written advice concerning one or more Federal tax matters
More informationGST with multiple tax rates boon or bane?
GST with multiple tax rates boon or bane? By Kishan Pandey From City Academy of Law College Introduction:- GST is a very important tool for the purpose of tax collection because it is a very dynamic concept
More informationA new design for the corporate income tax?
A new design for the corporate income tax? Michael Devereux Paris, October 17, 2013 Three issues 1. Why tax corporate profit, and what economic problems arise in attempting to do so? 2. Defining the domestic
More informationAn Over view of K or ea s V AT system
2010. 10. 21 Agenda. Assessment of Korea s VAT regime. Success factors. Korea s policy direction of VAT regime . Assessment of Korea s VAT regime An overview of Korea s VAT The purpose of introducing VAT
More informationGST and the States: Sharing Tax Administration
GST and the States: Sharing Tax Administration A SARVAR ALLAM Vol. 51, Issue No. 31, 30 Jul, 2016 A Sarvar Allam (sarvaralam@yahoo.co.in) is Additional Commissioner of Commercial Taxes in Government of
More informationAging, the Future of Work and Sustainability of Pension System
Aging, the Future of Work and Sustainability of Pension System WKÖ & Salzburg Global Seminar Event Dénes Kucsera Agenda Austria Vienna, Austria November 5, 2015 Introduction Increasing pressure on the
More informationGI-058 February Ontario and British Columbia: Transition to the Harmonized Sales Tax Admissions. Introduction
GST/HST Info Sheet GI-058 February 2010 Ontario and British Columbia: Transition to the Harmonized Sales Tax Admissions The Government of Ontario and the Government of British Columbia have each proposed
More informationDECENTRALIZING VALUE ADDED TAXES - APPEARANCE OR REALITY?
DECENTRALIZING VALUE ADDED TAXES - APPEARANCE OR REALITY? Katarzyna Wójtowicz Maria Curie Sklodowska University; Poland kwojtowi@hektor.umcs.lublin.pl Abstract: In most countries, subnational expenditures
More informationGI-057 February Ontario and British Columbia: Transition to the Harmonized Sales Tax Memberships
GST/HST Info Sheet GI-057 February 2010 Ontario and British Columbia: Transition to the Harmonized Sales Tax Memberships The Government of Ontario and the Government of British Columbia have each proposed
More informationIntroduction Expenditure decentralization has been a trend for a long time Revenue decentralization has been a challenge for a long time too Prof. Cha
Conference on Revenue Mobilization and Development Taxation and Decentralization Some Instruments Ricardo Varsano April 18, 2011 Introduction Expenditure decentralization has been a trend for a long time
More informationGI-137 February Prince Edward Island: Transition to the Harmonized Sales Tax Memberships
GST/HST Info Sheet GI-137 February 2013 Prince Edward Island: Transition to the Harmonized Sales Tax Memberships The Government of Prince Edward Island has proposed a harmonized sales tax (HST) that would
More information2018 CAPITAL GAINS DISTRIBUTION ESTIMATES
2018 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
More informationComments on VAT and Indirect Taxes. Motohiro Sato Hitotsubashi University
Comments on VAT and Indirect Taxes Motohiro Sato Hitotsubashi University Why VAT? VAT has been regarded as the most appropriate government revenue sources (at least from the economic standpoint) VAT is
More informationGI-110 September Applying the 2010 Nova Scotia HST Rate Increase Admissions and Memberships. Admissions
GST/HST Info Sheet GI-110 September 2010 Applying the 2010 Nova Scotia HST Rate Increase Admissions and Memberships This info sheet explains how the rate increase in the provincial part of the Nova Scotia
More informationVAT and the Digital Economy
VAT and the Digital Economy Overview of Policy Donato Raponi General Context Digital Single Market Strategy one of the Top 10 objectives of the Juncker Commission. VAT identified by business as one of
More informationGI-038 November The 2008 GST/HST Rate Reduction
GST/HST Info Sheet GI-038 November 2007 The 2008 GST/HST Rate Reduction On October 30, 2007, the Government of Canada announced in its Economic Statement that it proposes to reduce the GST rate by one
More informationCanadian Fiscal Federalism and the Dual VAT
Canadian Fiscal Federalism and the Dual VAT Presentation by George Anderson, President Emeritus, Forum of Federations to the Visiting Delegation of Brazilian Finance Officials Ottawa 11 October 2011 1
More informationThe study of conversion of Indirect Taxes into GST in India
International Journal of Management, IT & Engineering Vol. 7 Issue 5, May 2017, ISSN: 2249-0558 Impact Factor: 7.119 Journal Homepage: Double-Blind Peer Reviewed Refereed Open Access International Journal
More informationSummary of key findings
1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is
More informationCanada Pension Plan (CPP) overpayment you may be entitled to a refund if you contributed more to the CPP than required.
Definitions Balance owing the amount that you have to pay to the Canada Revenue Agency (CRA) if you haven't paid enough tax during the year. Canada child benefit (CCB) a tax-free monthly payment that eligible
More informationTAX POLICY: RECENT TRENDS AND REFORMS IN OECD COUNTRIES FOREWORD
TAX POLICY: RECENT TRENDS AND REFORMS IN OECD COUNTRIES FOREWORD This publication provides an overview of recent trends in domestic taxation in OECD countries over the period 1999 to 2002, and a summary
More informationIssue Brief for Congress
Order Code IB91078 Issue Brief for Congress Received through the CRS Web Value-Added Tax as a New Revenue Source Updated January 29, 2003 James M. Bickley Government and Finance Division Congressional
More informationIssues in the Design of Taxes on Corporate Profit. Michael Devereux
Issues in the Design of Taxes on Corporate Profit Michael Devereux Motivation Mirrlees review (2011) of the design of taxation Instituted by Institute for Fiscal Studies as successor to Meade Committee
More informationSecond Quarter Trading Update 9 July 2010
Second Quarter Trading Update 9 July 2010 Michael Page International Second Quarter Trading Update 2010 2 Group gross profit Constant Group gross profit m m Reported exchange 2010 vs 2009 111.5 83.8 +33.1%
More informationGOODS AND SERVICE TAX IN INDIA PROBLEMS AND PROSPECTS
82 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 GOODS AND SERVICE TAX IN INDIA PROBLEMS AND PROSPECTS DR.T.DURAIPANDI Assistant Professor Department of
More informationMEMORANDUM D In Brief. Ottawa, July 6, 2007
Ottawa, July 6, 2007 MEMORANDUM D17-1-22 In Brief ACCOUNTING FOR THE HARMONIZED SALES TAX, PROVINCIAL SALES TAX, PROVINCIAL TOBACCO TAX AND ALCOHOL MARKUP/FEE ON CASUAL IMPORTATIONS IN THE COURIER AND
More informationCorrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012
OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment
More informationSome Basic Facts about Government Expenditures and Taxation in Canada. Econ 525
Some Basic Facts about Government Expenditures and Taxation in Canada Econ 525 Revenues and Expenditures in Canada Since we re studying the role of government in this course it is worth considering some
More informationStability, Cohesion and Growth
Stability, Cohesion and Growth April 23, 2012 Swedish Minister for Finance Anders Borg Agenda Sweden has weathered the current crisis relatively well Lessons from the crisis in the early 1990s Further
More informationMr Piet Battiau Head of Consumption Tax Unit Centre for Tax Policy and Administration OECD 2, rue André Pascal Paris Cedex 16 France
Mr Piet Battiau Head of Consumption Tax Unit Centre for Tax Policy and Administration OECD 2, rue André Pascal 75775 Paris Cedex 16 France Brussels, 30 April 2013 Dear Sir, BUSINESSEUROPE plays a crucial
More information17.6 July Definition of Listed Financial Institution
GST/HST Memorandum 17.6 July 2014 Definition of Listed Financial Institution This version replaces the one dated September 1999. This memorandum explains the meaning of the term listed financial institution
More informationStrengthening Provincial Finances
This paper was presented at a conference arranged by the Forum of Federations in Islamabad, with the support of the German Foreign Ministry. The views expressed here are personal. Strengthening Provincial
More informationNational Institute of Public Finance and Policy
National Institute of Public Finance and Policy VAT coordination in federations and common markets: lessons for India Sijbren Cnossen VATs in federations and common markets: from good to bad to ugly 1.
More informationFOREWORD. Jersey. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
More informationComputing Tax Rates for Economic Modeling: A Global Dataset Approach. Angelo Gurgel, Gilbert Metcalf, Nicolas Osouf, and John Reilly
Computing Tax Rates for Economic Modeling: A Global Dataset Approach Angelo Gurgel, Gilbert Metcalf, Nicolas Osouf, and John Reilly This note describes a procedure to calculate national tax rates on capital
More informationCANADA GLOBAL GUIDE TO M&A TAX: 2018 EDITION
CANADA 1 CANADA INTERNATIONAL DEVELOPMENTS 1. WHAT ARE RECENT TAX DEVELOPMENTS IN YOUR COUNTRY WHICH ARE RELEVANT FOR M&A DEALS AND PRIVATE EQUITY? Legislative amendments in the past few years now strongly
More informationUBC Expense Reimbursement - GST Procedures For use with UBC forms TR REQ (AP501 - Rev. 04/99) and Q Req (AP500 -Rev. 03/98)
UBC Expense Reimbursement - GST Procedures For use with UBC forms TR REQ (AP501 - Rev. 04/99) and Q Req (AP500 -Rev. 03/98) Attached Schedules: I tes and General Information II Summary of Sales Tax Status
More informationCanadian Configurations
C When converting an existing FTD Mercury system to take advantage of the new features provided in FTD Mercury 7.1 or later, you must perform the following configurations: 1 Set the Store to Canada 2 Set
More informationGoods and Services Tax A benchmark transformation from present tax regime to the unified tax framework
Goods and Services Tax A benchmark transformation from present tax regime to the unified tax framework Edition 2 September 15, 2016 Introduction GST Regime The much-awaited GST now becomes a law with President
More informationStructuring a US Federal VAT
Law & Economics Working Papers Law & Economics Working Papers Archive: 2003-2009 University of Michigan Law School Year 2009 Structuring a US Federal VAT Reuven S. Avi-Yonah University of Michigan Law
More informationThe Tax Revenue Capacity of the U.S. Economy
The Tax Revenue Capacity of the U.S. Economy James R. Hines Jr. University of Michigan and NBER Conference on Is U.S. Government Debt Different? University of Pennsylvania May 5, 2012 U.S. Taxation in
More informationAn Overview of Goods and Service Tax (Gst) In India
Continuous issue 20 April May 2017 An Overview of Goods and Service Tax (Gst) In India Abstract: India s Tax structure is very complicated at present and it is also very complex in nature. It consists
More informationGST/HST Memoranda Series
GST/HST Memoranda Series 17.8 Credit Unions April 1999 Overview This memorandum explains, for purposes of the Goods and Services Tax (GST)/Harmonized Sales Tax (HST), the provisions of the Excise Tax Act
More informationSources of Government Revenue across the OECD, 2015
FISCAL FACT Apr. 2015 No. 465 Sources of Government Revenue across the OECD, 2015 By Kyle Pomerleau Economist Key Findings OECD countries rely heavily on consumption taxes, such as the value added tax,
More informationInternational Tax. Environments. Chapter Outline. Tax Neutrality INTERNATIONAL INTERNATIONAL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT
INTERNATIONAL FINANCIAL MANAGEMENT Fourth Edition EUN / RESNICK International Tax Environment 21 Chapter Twenty-one INTERNATIONAL Chapter Objective: FINANCIAL MANAGEMENT This chapter provides a brief introduction
More informationGST/HST and Damage Payments: What Tax Litigators Need to Know
Osler, Hoskin & Harcourt LLP GST/HST and Damage Payments: What Tax Litigators Need to Know D Arcy Schieman March 2017 Overview of GST/HST and Provincial Sales Taxes GST value added tax that applies to
More informationIndex. tax evasion ethics in tax system change in Bureaucracy 3-11 Canada
Ability to pay principle 58 Administrative burden 51-79, 73-90, 430 Albania 112 Alternative Minimum Tax (AMT) 75 Anti-capitalistic mentality 318 Appeals in Armenia 317 Argentina 281-308 Armenia 113, 309-358
More informationSME and Entrepreneurship Financing: Policy Responses to the Global Crisis and the way forward to recovery
SME and Entrepreneurship Financing: Policy Responses to the Global Crisis and the way forward to recovery AECM Seminar Managing the Recovery: the role of the guarantee schemes in a changing environment
More informationGST for India: Some Basic Questions Amaresh Bagchi and Satya Poddar
GST for India: Some Basic Questions Amaresh Bagchi and Satya Poddar Even after two decades of reforms the system of domestic trade taxes in the country remains deficient. Union Finance Minister s announcement
More informationTHE IMPACT OF THE HST ON CANADIAN INVESTORS Presentation to the Ontario Standing Committee on Finance and Economic Affairs December 3, 2009
THE IMPACT OF THE HST ON CANADIAN INVESTORS Presentation to the Ontario December 3, 2009 Good afternoon, my name is Joanne De Laurentiis. I am President and CEO of the Investment Funds Institute of Canada.
More informationExchange Traded Funds (ETFs): The New Packaged Product of Choice
Financial Institutions Profiles Series Exchange Traded Funds (ETFs): The New Packaged Product of Choice (Table of Contents) April 20, 2017 TABLE OF CONTENTS Evolution of the Exchange Traded Funds (ETFs)
More informationAUTOMOBILE EXPENSES & RECORDKEEPING
AUTOMOBILE EXPENSES & RECORDKEEPING The BDO Automobile Log Many people use their cars for work or business and personally incur expenses in doing so. If this is your situation, you ll want to be able to
More informationTechnical Workshop Corporate Climate Change Reporting: Towards consistent and targeted schemes OECD (Paris) 15th February 2012
Technical Workshop Corporate Climate Change Reporting: Towards consistent and targeted schemes OECD (Paris) 15th February 2012 Lois Guthrie, Executive Director, The Climate Disclosure Standards Board Climate
More informationGOODS AND SERVICES TAX (GST) AND HARMONIZED SALES TAX (HST)
GOODS AND SERVICES TAX (GST) AND HARMONIZED SALES TAX (HST) GENERAL 1. With the exception of exempt activities, all NPF operations are considered to be "commercial activities. All "commercial" revenue
More informationRequest for a Business Number and Certain Program Accounts
Request for a Business Number and Certain Program Accounts BN FOR OFFICE USE Fill in this form to apply for a business number (BN) and to register for certain program accounts. If you are a sole proprietor
More informationThe Case for Fundamental Tax Reform: Overview of the Current Tax System
The Case for Fundamental Tax Reform: Overview of the Current Tax System Sources of Federal Receipts Projected for 2016 Excise Taxes 2.9% Estate & Gift Taxes 0.6% Corporate Income Taxes 9.8% Other Taxes
More informationGST/HST Memoranda Series
GST/HST Memoranda Series 2.2 Small Suppliers May 1999 (Revised October 13, 2000) Overview This memorandum explains who is a small supplier for purposes of the Goods and Services Tax (GST)/Harmonized Sales
More informationAn Understanding of Tax Rules Could Help With Your Energy Efficiency Initiatives
INCOME TAX ISSUES RELATED TO ENERGY PERFORMANCE CONTRACTING An Understanding of Tax Rules Could Help With Your Energy Efficiency Initiatives The Government of Canada has worked with industry for more than
More informationSARS OVERVIEW. Presentation to the Select Committee on Finance
SARS OVERVIEW Presentation to the Select Committee on Finance SARS mandate In terms of the SARS Act (No.34 of 1997), SARS s mandate is to efficiently and effectively - Collect all revenue Ensure enforcement
More information8-Jun-06 Personal Income Top Marginal Tax Rate,
8-Jun-06 Personal Income Top Marginal Tax Rate, 1975-2005 2005 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 Australia 47% 47% 47% 47% 47% 47% 47% 47% 47% 47% 47% 48% 49% 49% Austria
More informationBY Daniel Bourgeois BAA, M. Fisc, LLB President and Chief executive Officer Fiscal and Financial Planning Association
FISCAL FEDERALISM THE QUEBEC-CANADA CANADA EXPERIENCES Conference presented to 1e encontro nacional de administradores tributários 1e ENAT 14-15-16-17 Julho, 2004 Salvador, BAHIA, BRAZIL BY Daniel Bourgeois
More informationThe Investment Funds Institute of Canada. Death and Taxes. Presentation on Federal/Ontario Sales Tax Harmonization
The Investment Funds Institute of Canada Death and Taxes Presentation on Federal/Ontario Sales Tax Harmonization April 21, 2009 Thanks to Agenda Why harmonize? Finn Poschman, Conference Board of Canada
More informationCross-border audit oversight
September 2013 Cross-border audit oversight The equivalence of systems of public oversight, quality assurance, investigation and penalties for the audit profession in the European Union and third countries
More informationEffects of Imposing a Value Added Tax to Replace Payroll or Corporate Taxes
Effects of Imposing a Value Added Tax to Replace Payroll or Corporate Taxes Eric Toder and Joseph Rosenberg Tax Policy Center March 18, 2010 Joint Project with New America Foundation Topics Review of the
More informationCurrent Challenges in Revenue Mobilization: Improving Tax Compliance. CEPAL Regional Tax Seminar March 10, 2015
Current Challenges in Revenue Mobilization: Improving Tax Compliance CEPAL Regional Tax Seminar March 10, 2015 Outline Recent trends in tax compliance Understanding and addressing noncompliance The hard-to-tax
More informationSources of Government Revenue in the OECD, 2014
FISCAL FACT Nov. 2014 No. 443 Sources of Government Revenue in the OECD, 2014 By Kyle Pomerleau Economist Key Findings OECD countries rely heavily on consumption taxes, such as the value added tax, and
More informationTrade and Development Board Sixty-first session. Geneva, September 2014
UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Trade and Development Board Sixty-first session Geneva, 15 26 September 2014 Item 3: High-level segment Tackling inequality through trade and development:
More informationExcise Taxation in the European Union. Emil M. Sunley Asian Tax Forum Workshop November 9-10, 2009 Bangkok
Excise Taxation in the European Union Emil M. Sunley Asian Tax Forum Workshop November 9-10, 2009 Bangkok Overview Preliminary issues The structure of excises Free trade areas and customs unions Harmonization
More informationIMPACT OF GOODS AND SERVICE TAX (GST)
244 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 IMPACT OF GOODS AND SERVICE TAX (GST) Mrs. M.Shanthini Devi Assistant professor Department of Commerce
More informationPublication of preliminary data on Official Development Assistance, 2011
MEMO/12/243 Brussels, 4 April 2012 Publication of preliminary data on Official Development Assistance, 2011 Are there differences of methodology between the Organisation for Economic Co-operation and Development
More informationTAX EXPENDITURES: AN OECD-WIDE PERSPECTIVE
TAX EXPENDITURES: AN OECD-WIDE PERSPECTIVE Pierre LeBlanc (pierre.leblanc@oecd.org) Acting Head, Tax Policy and Statistics Division Centre for Tax Policy and Administration Overview 1. Tax expenditure
More information2017 CAPITAL GAINS DISTRIBUTION ESTIMATES
2017 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
More informationLONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE
7. FINANCES OF RETIREMENT-INCOME SYSTEMS LONG-TERM PROJECTIONS OF PUBLIC PENSION EXPENDITURE Key results Public spending on pensions has been on the rise in most OECD countries for the past decades, as
More informationStructuring a US Federal VAT
University of Michigan Law School University of Michigan Law School Scholarship Repository Articles Faculty Scholarship 2009 Structuring a US Federal VAT Reuven S. Avi-Yonah University of Michigan Law
More informationImproved Sales Tax Handling in QuickBooks 2008
Introduction Improved Sales Tax Handling in QuickBooks 2008 Over the last three years, Intuit has worked hard to redesign how sales tax is calculated and reported in QuickBooks. It s the biggest revamp
More informationDefinition of international double taxation
Definition of international double taxation Juridical double taxation: imposition of comparable taxes in two (or more) States on the same taxpayer in respect of the same subject matter and for identical
More informationGross to net salary of a local executive and total cost to employer comparison for selected countries
Gross to net salary of a local executive and total cost to employer comparison for selected countries Married, two dependant children All the numbers are in EURO Country Gross Salary Employee Income Net
More informationDomestic Fiscal System and International
Lorenzo Riccardi Vietnam Tax Guide Domestic Fiscal System and International Treaties ^ Springer Part I Vietnamese Tax System 1 Introduction to the Vietnamese Tax System 3 1.1 Legislative Background and
More informationGST Concept and Design
GST Concept and Design GST Understanding from the First discussion paper released by the Empowered Committee of State Finance Ministers on November 10, 2009 1 Understanding GST Brief History Need for GST
More informationGST- A NEW BEGINNING IN INDIAN FINANCIAL SYSTEM
GST- A NEW BEGINNING IN INDIAN FINANCIAL SYSTEM Dr. Anita Sharma, Reader, Maharaja Surajmal Institute (GGSIPU), New Delhi Abstract: GST means Goods and Services Tax. The main aim of GST is to abolish all
More informationProgress Towards Strong, Sustainable, and Balanced Growth. Figure 1: Recovery From Financial Crisis (100 = First Quarter of Real GDP contraction)
Progress Towards Strong, Sustainable, and Balanced Growth Figure 1: Recovery From Financial Crisis ( = First Quarter of Real GDP contraction) 13 125 196-26 AE Recessions' Range*** 196-26 AE Recessions**
More informationDoing Business in Canada: Key Canadian Tax Considerations
Doing Business in Canada: Key Canadian Tax Considerations Foreign enterprises have long been attracted to investment opportunities in Canada. Canada has led the G7 in growth in total inbound investment
More informationBrazilian Tax System Dysfunctions (and a tax reform agenda) Bernard Appy
Brazilian Tax System Dysfunctions (and a tax reform agenda) Bernard Appy November 2017 Introduction What s a good tax system? 2 The features of a good tax system are well estabished Simplicity for the
More informationIMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration
IMF-ADB Seminar on Medium Term Revenue Strategy: ISORA and ADB s Comparative Series on Tax Administration Presentation by: Richard Highfield Consultant in Tax System Administration (ADB) 1-2 December 2017,
More information26 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in
More informationSetting up in Denmark
Setting up in Denmark 6. Taxation The Danish tax system for individuals rests on the global taxation principle. The principle holds that the income of individuals and companies with full tax liability
More informationIMPROVING TAX COMPLIANCE. 6th IMF-Japan High-Level Tax Conference For Asian Countries Tokyo; April 7, 2015
IMPROVING TAX COMPLIANCE 6th IMF-Japan High-Level Tax Conference For Asian Countries Tokyo; April 7, 2015 Outline Measurement and trends Some key methods and issues Managing compliance Supporting compliance
More informationKPMG Corporate Tax Rate Survey January 2001
KPMG Corporate Tax Rate Survey January 2001 The KPMG International Tax and Legal Centre is pleased to present its annual survey of corporate tax rates. This survey (incepted in 1993) covers 58 countries,
More informationGST AND ITS IMPACT ON VARIOUS SECTOR
65 Journal of Management and Science ISSN: 2249-1260 e-issn: 2250-1819 Special Issue. No.1 Sep 17 GST AND ITS IMPACT ON VARIOUS SECTOR Ms.N.Ramya Assistant Professor, Department of Commerce with Professional
More informationThe role of recurrent land taxes and. revenue trends in Australia
The role of recurrent land taxes and Presented at the FIG Working Week 2016, May 2-6, 2016 in Christchurch, New Zealand revenue trends in Australia FIG Working Week Christchurch, New Zealand 2-6 May 2016
More informationMethodology Calculating the insurance gap
Methodology Calculating the insurance gap Insurance penetration Methodology 3 Insurance Insurance Penetration Rank Rank Rank penetration penetration difference 2018 2012 change 2018 report 2012 report
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends
More informationIFC / CWDI 2010 Report: Accelerating Board Diversity
IFC / CWDI 2010 Report: Accelerating Board Diversity Comparative Percentages of Women Directors -- Europe Country # of in Survey Percentage of with Women Directors Percent of Women Directors Norway 517
More informationGLOBAL INDIRECT TAX. Canada. Country VAT/GST Essentials. kpmg.com TAX
GLOBAL INDIRECT TAX Canada Country VAT/GST Essentials kpmg.com TAX b Canada: Country VAT/GST Essentials Canada: Country VAT/GST Essentials Contents Scope and Rates 2 What supplies are liable to GST/HST?
More informationUnderstanding Tax Codes in Simply Accounting
Understanding Tax Codes in Simply Accounting www.prismbusinesstraining.com Understanding the Taxes and Tax Codes The tax code settings in Simply Accounting are found in the Setup menu on Simply s home
More informationOECD Report Shows Tax Burdens Falling in Many OECD Countries
OECD Centres Germany Berlin (49-30) 288 8353 Japan Tokyo (81-3) 5532-0021 Mexico Mexico (52-55) 5281 3810 United States Washington (1-202) 785 6323 AUSTRALIA AUSTRIA BELGIUM CANADA CZECH REPUBLIC DENMARK
More informationBelow the Salt: Decentralizing Value-Added Taxes
INTERNATIONAL CENTER FOR PUBLIC POLICY In International Center for Public Policy Working Paper 13-02 February 2013 Below the Salt: Decentralizing Value-Added Taxes Richard M. Bird International Center
More informationThe Global Aging Preparedness Index
The Global Aging Preparedness Index 2 nd Edition Richard Jackson Senior Associate Center for Strategic & International Studies International Longevity Centre Roundtable May 6, 2014 London GAPINDEX.CSIS.ORG
More informationSouth Africa: National Budget 2009/2010 Budgeting during a global credit and economic crisis. Kevin Lings Economist 12 February 2009
South Africa: National Budget 2009/2010 Budgeting during a global credit and economic crisis Kevin Lings Economist 12 February 2009 US monthly payroll changes 000 s 600 500 400 300 200 100 0-100 -200-300
More informationIn what turned out to be at best a poorly kept
January February 2010 Together in Imperfect Harmony: Ontario and British Columbia Embrace Value-Added Tax * By Jim Day Jim Day analyzes the potential impact and transitional rules that will apply when
More information