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 6
... percent value added tax ( VAT ) ( title I ) . The bill also would establish a trust fund in the Department of the Treasury that would restrict the use of the revenues from the VAT to deficit and debt reduction ( title II ) . A ...
... percent value added tax ( VAT ) ( title I ) . The bill also would establish a trust fund in the Department of the Treasury that would restrict the use of the revenues from the VAT to deficit and debt reduction ( title II ) . A ...
Page 7
... amount would be the fair market value of the property or services transferred by the taxable person . In the case of imports , the taxable amount would be the U.S. ... percent . VAT administrative procedures The " credit - invoice " method 7.
... amount would be the fair market value of the property or services transferred by the taxable person . In the case of imports , the taxable amount would be the U.S. ... percent . VAT administrative procedures The " credit - invoice " method 7.
Page 8
... VAT administrative procedures The " credit - invoice " method The VAT system imposed by the bill would utilize the ... amount of VAT imposed on the sale , and certain other information . The invoice generally would be required to be ...
... VAT administrative procedures The " credit - invoice " method The VAT system imposed by the bill would utilize the ... amount of VAT imposed on the sale , and certain other information . The invoice generally would be required to be ...
Page 9
... rate information became available . Amounts in the DRTF would be used solely to retire outstanding public debt obligations of the United States and to pay any admin- istrative costs incurred in collecting the VAT and in operating the ...
... rate information became available . Amounts in the DRTF would be used solely to retire outstanding public debt obligations of the United States and to pay any admin- istrative costs incurred in collecting the VAT and in operating the ...
Page 10
... VAT , a sale of property would include : ( 1 ) the exchange of property for property 12 or services ; ( 2 ) the transfer of property to an employee as compensation ( unless the transfer is a type for which no amount is includible in the ...
... VAT , a sale of property would include : ( 1 ) the exchange of property for property 12 or services ; ( 2 ) the transfer of property to an employee as compensation ( unless the transfer is a type for which no amount is includible in the ...
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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