Economics, Econometrics and Finance
8 years ago

Revolutionizing Tax Systems: Progressive Consumption Tax with VAT Credit-Method

National Tax Journal
Implementing a Progressive Consumption Tax: Advantages of Adopting the VAT Credit-Method System
Itai Grinberg

Paper Summary

A new tax system called credit-method progressive consumption tax can mimic the effects of another tax system called X-tax. This new system is easier to manage and can work well with other tax systems worldwide. It also follows international trade rules without losing important features for effective tax enforcement.

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