Business, Management and Accounting
8 years ago

Transitioning to consumption-based VAT could significantly reduce enterprise tax burden.

Mathematical model of impact of value-added tax's transition on real burden of taxation of enterprises
Hongjun Ma

Paper Summary

The article discusses how changing the value-added tax system can affect the tax burden on businesses. By analyzing formulas and data, the researchers found that switching to a consumption-based value-added tax would greatly benefit businesses by reducing their tax burden.

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