Value Added Tax: Onward and Upward?

Jorge Martinez-Vazquez and Richard Bird

International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University

Abstract: The most important tax development of the last half century has undoubtedly been the rise to prominence of the value-added tax (VAT).2 This tax has taken center stage almost everywhere (with the significant exception of the United States) and has become a revenue mainstay for many countries. The success of the VAT reflects a variety of factors: its high revenue potential, its relative simplicity and logic from an administrative perspective, its impact on economic efficiency, trade, and growth, the ease with which its relatively mild consequences on income distribution and equity may be mitigated, and the fact that fewer and relatively less complex political economy issues than often arise with respect to other potential revenue producing taxes seem to afflict its introduction and development.

Pages: 57 pages
Date: 2010-08-01
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Citations: View citations in EconPapers (8)

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Chapter: Value-Added Tax: Onward and Upward? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ays:ispwps:paper1026

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