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 9
... costs incurred in collecting the VAT and in operating the DRTF . Debt would be retired by paying off obligations at maturity , or by redeeming or buying obligations before maturity and retiring them ( i.e. , obligations redeemed from ...
... costs incurred in collecting the VAT and in operating the DRTF . Debt would be retired by paying off obligations at maturity , or by redeeming or buying obligations before maturity and retiring them ( i.e. , obligations redeemed from ...
Page 12
... cost or impose a tax based on the cost of the property or serv- ice . 20 Imposing a VAT liability on the fair market value of promotion- al transfers raises issues concerning sales of goods or services at less than fair market value ...
... cost or impose a tax based on the cost of the property or serv- ice . 20 Imposing a VAT liability on the fair market value of promotion- al transfers raises issues concerning sales of goods or services at less than fair market value ...
Page 14
... costs of the tax- payer and the administrative costs of the government are consid- ered to outweigh the benefits of additional tax collections . Other goods or services often are eliminated from the VAT system be- cause of the ...
... costs of the tax- payer and the administrative costs of the government are consid- ered to outweigh the benefits of additional tax collections . Other goods or services often are eliminated from the VAT system be- cause of the ...
Page 19
... costs would include health insurance premiums . The analysis of whether or not to exclude medical care from the VAT is no different than the analysis required for any other good or service . A zero rating of medical care would encompass ...
... costs would include health insurance premiums . The analysis of whether or not to exclude medical care from the VAT is no different than the analysis required for any other good or service . A zero rating of medical care would encompass ...
Page 21
... cost commensurate with their fair market value ( e.g. , some city - owned parking garages ) . In such cases , the governmental entity may be viewed as if in competition with a private enterprise that offers the same service . It may be ...
... cost commensurate with their fair market value ( e.g. , some city - owned parking garages ) . In such cases , the governmental entity may be viewed as if in competition with a private enterprise that offers the same service . It may be ...
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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