In a VAT system, there are two ways to prevent private consumption from escaping tax when such
Question:
In a VAT system, there are two ways to prevent private consumption from escaping tax when such consumption takes place in a business context:
(a) Deny the input tax credit,
(b) Tax a deemed transaction between the taxpayer and himself or between the taxpayer and a third party. What use is made of these two models in the Sixth Directive? In the New Vatopia VAT?
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In the context of a VAT Value Added Tax system these two models a denying input tax credit and b tax...View the full answer
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Somshukla Chakraborty
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Related Book For 
Value Added Tax A Comparative Approach
ISBN: 9780521616560
1st Edition
Authors: Alan Schenk, Oliver Oldman
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