VAT in the Digital Era:Unilateral and Multilateral Options for Reform

by: Yan Xu (Editor)

Publisher: Oxford University Press

Publication Date: 2024/3/14

Language: English

Print Length: 400 pages

ISBN-10: 0198888309

ISBN-13: 9780198888307

Book Description

With the growth of the digitalized economy, VAT on cross-border digital supplies has emerged as an important issue. Yet, views and practices regarding the application of the VAT on these supplies differ significantly across different jurisdictions. A lack of inteational VAT harmonization can cause double taxation or unintended double non-taxation, resulting in distortions and revenue losses.VAT in the Digital Era considers unilateral and multilateral options for the creation of an inteationally coordinated VAT framework. Providing analysis of the status quo in key jurisdictions, the book explores the implications of the digitalized economy for the VAT systems across borders. It outlines possible approaches that can be taken to achieve a more consistent inteational VAT treatment of cross-border supplies, and the extent to which a multilateral solution would be preferable and achievable at the inteational level.Bringing together contributions from leading inteational voices in the VAT law and policy and inteational taxation fields, VAT in the Digital Era addresses current issues and proposes ways to coordinate VAT rules on cross-border digital supplies. This new book is essential reading for academics, researchers, govements, and other financial organisations involved with the world's most important indirect tax.

About the Author

With the growth of the digitalized economy, VAT on cross-border digital supplies has emerged as an important issue. Yet, views and practices regarding the application of the VAT on these supplies differ significantly across different jurisdictions. A lack of inteational VAT harmonization can cause double taxation or unintended double non-taxation, resulting in distortions and revenue losses.VAT in the Digital Era considers unilateral and multilateral options for the creation of an inteationally coordinated VAT framework. Providing analysis of the status quo in key jurisdictions, the book explores the implications of the digitalized economy for the VAT systems across borders. It outlines possible approaches that can be taken to achieve a more consistent inteational VAT treatment of cross-border supplies, and the extent to which a multilateral solution would be preferable and achievable at the inteational level.Bringing together contributions from leading inteational voices in the VAT law and policy and inteational taxation fields, VAT in the Digital Era addresses current issues and proposes ways to coordinate VAT rules on cross-border digital supplies. This new book is essential reading for academics, researchers, govements, and other financial organisations involved with the world's most important indirect tax.