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 17
... increase the total VAT paid and cause administrative complications in some instances . The VAT credit generally is allowable only with respect to the VAT paid on the purchase of goods or services that are used for the pro- duction of ...
... increase the total VAT paid and cause administrative complications in some instances . The VAT credit generally is allowable only with respect to the VAT paid on the purchase of goods or services that are used for the pro- duction of ...
Page 18
... increased means - tested govern- ment assistance . In addition , those who favor a broad - based VAT argue that ... increase housing consumption relative to other goods . However , the taxation of housing is a troublesome area even ...
... increased means - tested govern- ment assistance . In addition , those who favor a broad - based VAT argue that ... increase housing consumption relative to other goods . However , the taxation of housing is a troublesome area even ...
Page 19
... increasing other means - tested health programs rather than by providing a zero rating . Farmers and fishermen Sales by ... increase administrative costs and burdens for both the Government and taxpayers . In addi- tion , some sort of ...
... increasing other means - tested health programs rather than by providing a zero rating . Farmers and fishermen Sales by ... increase administrative costs and burdens for both the Government and taxpayers . In addi- tion , some sort of ...
Page 20
... increased subsidizes . In addition , be- cause of the relatively small dollar value of each purchase , there may be administrative benefits to excluding these services . Exports The bill would provide a zero rating for exports . This ...
... increased subsidizes . In addition , be- cause of the relatively small dollar value of each purchase , there may be administrative benefits to excluding these services . Exports The bill would provide a zero rating for exports . This ...
Page 29
... increased , these distortive effects would be more pronounced . In addition , because the bill would permit small ... increase the distortive effects as compared with a non - elective small business exemption . c . Time for filing ...
... increased , these distortive effects would be more pronounced . In addition , because the bill would permit small ... increase the distortive effects as compared with a non - elective small business exemption . c . Time for filing ...
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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