Author Description

"Improving VAT/GST: Designing a Simple and Fraud-Proof Tax System compares the VAT/GST systems of 15 countries around the world, with all continents represented, plus the EU VAT regime. The analysis is organized in a way that allows interesting and specific details of each VAT system to be identified, while at the same time rendering them comparable despite their structural differences. In detail, it examines topics such as neutrality, VAT groups and head office (including branch transactions), financial services, anti-avoidance rules, advance rulings, VAT gap, compliance costs and costs of collection. It identifies best practices and provides readers with some thoughts on future directions of VAT/GST. The main focus is set on making VAT/GST systems both simple and fraud proof. The relevant knowledge about different VAT/GST systems provided in this book can be a fundamental resource to help practitioners to optimize their tax planning solutions, to provide legal certainty to their clients and to ensure the avoidance of both double taxation and double non-taxation in VAT/GST matters.