Description of Tax Bills: S. 353 (educational Savings Bonds); S. 442 (value Added Tax); S. 659, S. 838, S. 849 (estate Freezes); and S. 800 (moratorium on Certain State Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17, 1989U.S. Government Printing Office, 1989 - 35 pages |
From inside the book
Results 1-5 of 19
Page 2
... paid by the taxpayer during the taxable year . The exclusion is available only to taxpayers age 24 years or more at ... ( VAT ) , effective for transactions occurring after December 31 , 1989. The bill would provide a trust fund in the ...
... paid by the taxpayer during the taxable year . The exclusion is available only to taxpayers age 24 years or more at ... ( VAT ) , effective for transactions occurring after December 31 , 1989. The bill would provide a trust fund in the ...
Page 6
... ( VAT ) ( title I ) . The bill also would establish a trust fund in the ... paid by its suppliers on its purchases of goods and services in taxable ... VAT paid with respect to any property or service provided to a consumer ( taking into ...
... ( VAT ) ( title I ) . The bill also would establish a trust fund in the ... paid by its suppliers on its purchases of goods and services in taxable ... VAT paid with respect to any property or service provided to a consumer ( taking into ...
Page 7
... paid for the property by the taxable person . Exceptions to imposition of the VAT The bill would provide various exceptions to the imposition of the VAT . For instance , the bill would impose a zero tax rate 11 with respect to certain ...
... paid for the property by the taxable person . Exceptions to imposition of the VAT The bill would provide various exceptions to the imposition of the VAT . For instance , the bill would impose a zero tax rate 11 with respect to certain ...
Page 8
... VAT administrative procedures The " credit - invoice " method The VAT system imposed by the bill would utilize the ... paid or accrued the VAT liability and has received a VAT invoice . Treatment of related businesses To the extent ...
... VAT administrative procedures The " credit - invoice " method The VAT system imposed by the bill would utilize the ... paid or accrued the VAT liability and has received a VAT invoice . Treatment of related businesses To the extent ...
Page 11
... VAT systems would subject the licensing of intangibles to tax , either by providing a broad definition of taxable ... paid in cash ( rather than with the fringe benefit ) and had used the cash to purchase the fringe benefit , a VAT would ...
... VAT systems would subject the licensing of intangibles to tax , either by providing a broad definition of taxable ... paid in cash ( rather than with the fringe benefit ) and had used the cash to purchase the fringe benefit , a VAT would ...
Other editions - View all
Common terms and phrases
activities addition amount of VAT bill would provide border tax adjustment calendar quarter claim a credit commercial-type transaction consumer corporation December 31 deposits destination principle determine Educational Savings Bonds EE savings bonds effective date employee estate freeze example exclusion exempt Exon exports fair market value farmers governmental entities grocery store Gross VAT higher education expenses housing impose a VAT intangible property interest Internal Revenue Code Internal Revenue Service legislation nonbusiness real property performance of services plumber preferred stock premiums previously paid primary residence property or services provide a zero provided in regulations rate of tax retail sale of property section 135 seller Series EE savings services provided small businesses stage of production subject to tax tax point taxable amount taxable person taxable transactions taxation taxpayer tion transfer United Value Added Tax VAT credit VAT imposed VAT liability VAT paid VAT system zero rating zero-rated