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Implications of Different Bases for a VAT

Implications of Different Bases for a VAT
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This paper describes the policy and administrative reasons for exclusions from the VAT base and the design of a rebate as a substitute for base exclusions to address distributional objectives.  The paper then analyzes the effect of possible exclusions from a U.S. VAT base or a rebate on the VAT rate necessary to achieve a specific deficit reduction target and on the distribution of the tax burden.
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Date:
February 6, 2012
Contacts:
Jeremy Ratner | 202.540.6507
Project:
Fiscal Federalism Initiative
Issues:
Federal Impact

Related RESEARCH & ANALYSIS

PCS.PRODUCTION.1.20140221.1210 (PEWSUWVMWAPP02)