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
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Page 11
... taxable performance of a service . Other VAT systems would subject the licensing of intangibles to tax , either by providing a broad definition of taxable services or by spe- cifically including the licensing of intangibles as a taxable ...
... taxable performance of a service . Other VAT systems would subject the licensing of intangibles to tax , either by providing a broad definition of taxable services or by spe- cifically including the licensing of intangibles as a taxable ...
Page 12
... VAT liability ( after taking into account the VAT credit ) on the amount of value the corporation had had added to the inventory . Other VAT systems either impose no tax when property or services are transferred at no cost or impose a tax ...
... VAT liability ( after taking into account the VAT credit ) on the amount of value the corporation had had added to the inventory . Other VAT systems either impose no tax when property or services are transferred at no cost or impose a tax ...
Page 14
... VAT systems adopted to date provide exclusionary relief for certain basic necessities such as food , clothing , shelter , or medicine . Cer- tain enterprises ( such as small businesses or farms ) often are ex- empted from the VAT ...
... VAT systems adopted to date provide exclusionary relief for certain basic necessities such as food , clothing , shelter , or medicine . Cer- tain enterprises ( such as small businesses or farms ) often are ex- empted from the VAT ...
Page 17
... VAT ( zero rating versus exemp- tion ) raises certain administrative issues ... VAT bookkeeping requirements . Under a zero - rating system , the seller is ... systems in other countries provide some sort of relief for purchases of food ...
... VAT ( zero rating versus exemp- tion ) raises certain administrative issues ... VAT bookkeeping requirements . Under a zero - rating system , the seller is ... systems in other countries provide some sort of relief for purchases of food ...
Page 18
... VAT argue that providing exclusions from the VAT may create artificial consumer demands for the excluded products or services . Other VAT systems have addressed the regressivity issue with respect to food by providing different VAT ...
... VAT argue that providing exclusions from the VAT may create artificial consumer demands for the excluded products or services . Other VAT systems have addressed the regressivity issue with respect to food by providing different VAT ...
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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