VAT and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook VAT and Financial Services write by Robert F. van Brederode. This book was released on 2017-03-06. VAT and Financial Services available in PDF, EPUB and Kindle. This book explains the theoretical and policy issues associated with the taxation of financial services and includes a jurisdictional overview that illustrates alternative policy choices and the legal consequences of those choices . The book addresses the question: how can financial services in an increasingly globalized market best be taxed through VAT while avoiding economic distortions? It supports the discussion of the key practical problems that have arisen from the particular complexity of the application of VAT to financial services, and allows for the evaluation of best practice by comparing the major current reform models now being implemented.
Value Added Tax
Value Added Tax - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Value Added Tax write by Alan Schenk. This book was released on 2015-02-09. Value Added Tax available in PDF, EPUB and Kindle. This book integrates legal, economic, and administrative materials about the value added tax (VAT) to present the only comparative approach to the study of VAT law. The comparative presentation of this volume offers an analysis of policy issues relating to tax structure and tax base as well as insights into how cases arising out of VAT disputes have been resolved. Its principal purpose is to provide comprehensive teaching tools - laws, cases, analytical exercises, and questions drawn from the experience of countries and organizations around the world. This second edition includes new VAT-related developments in Europe, Asia, Africa, and Australia and adds new chapters on VAT avoidance and evasion and on China's VAT. Designed to illustrate, analyze, and explain the principal theoretical and operating features of value added taxes, including their adoption and implementation, this book will be an invaluable resource for tax practitioners and government officials.
Value Added Tax and Financial Services
Value Added Tax and Financial Services - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Value Added Tax and Financial Services write by John Prebble QC. This book was released on 2015. Value Added Tax and Financial Services available in PDF, EPUB and Kindle. Value added tax (VAT) is a relatively modern development. Designers of VAT recognized from the outset that the way in which financial institutions are remunerated creates significant difficulty when the tax is applied to their services. Administrative difficulties relate to imposing invoice-based VAT on service fees charged as part of the margin between buy and sell rates. Theoretical reasons relate to arguments that financial services should not be taxed under a consumption tax because, it is argued, financial services are not consumed in the way in which goods and services are consumed. Because of these difficulties, most jurisdictions have opted to exempt financial services from VAT. However, the commonly accepted reasons to exempt financial services from VAT are not compelling, since financial services are no different in relevant respects from other services. Moreover, there are methods by which financial services could be brought within the VAT base. Furthermore, although exemption is the simplest way for a VAT to treat financial services, it causes significant distortions in the economy.
Value Added Tax and Direct Taxation
Value Added Tax and Direct Taxation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Value Added Tax and Direct Taxation write by Michael Lang. This book was released on 2009. Value Added Tax and Direct Taxation available in PDF, EPUB and Kindle. This book provides a comprehensive in-depth analysis of the similarities and differences between consumption taxes and direct taxes. Fifty contributions are included, written by academics, practitioners and representatives from several international tax administrations and institutions.
Intermediation of Insurance and Financial Services in European VAT
Intermediation of Insurance and Financial Services in European VAT - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Intermediation of Insurance and Financial Services in European VAT write by Claus Bohn Jespersen. This book was released on 2011-01-01. Intermediation of Insurance and Financial Services in European VAT available in PDF, EPUB and Kindle. The current European VAT legislation encompassing insurance and financial services, including intermediation thereof, dates back to the adoption of the Sixth VAT Directive in 1977. The definitions do not, however, encompass the current complexity of insurance and financial transactions. This has resulted in considerable confusion for fiscal authorities and for businesses when deciding upon the application of the VAT exemption. As the correct VAT treatment has a significant economic impact on businesses, a great number of cases have been referred to the Court of Justice of the European Union. This is also the reason why the European Commission presented its proposal for the future treatment of insurance and financial services, including intermediation thereof, in November 2007. The political process has not yet been finalised and if the Commission's proposal is agreed upon, the question of understanding the definitions still exists. This book deals with the exemption for intermediation of insurance and financial services within European VAT. This implies analysing the methods of interpretation applied by the Court of Justice of the European Union when interpreting the provisions regarding insurance and financial services. Furthermore, the current definitions for intermediation of insurance and financial services as provided for in the VAT Directive are analysed and conclusions are made in order to define a single concept of intermediation. These analyses are followed by various practical scenarios from case law of the Member States concerning intermediation of insurance and financial services. Finally, comments based on the analyses carried out are given on the European Commission's proposal for amending the VAT Directive and the accompanying Regulation regarding intermediation of insurance and financial services.
