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 |
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Page 23
... border tax adjustment . The border tax adjustment of a destination principle VAT serves two purposes . By taxing imports and not exports , the border tax adjustment generally ensures that the tax base for the VAT is do- mestic ...
... border tax adjustment . The border tax adjustment of a destination principle VAT serves two purposes . By taxing imports and not exports , the border tax adjustment generally ensures that the tax base for the VAT is do- mestic ...
Page 27
... Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17 ... adjustment would be necessary to insure that business purchasers of ... border adjustments that would be in compliance with GATT . A subtractive ...
... Tax Laws) : Scheduled for a Hearing Before the Senate Committee on Finance on May 17 ... adjustment would be necessary to insure that business purchasers of ... border adjustments that would be in compliance with GATT . A subtractive ...
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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