Global VAT Comparison Reveals Impact on Banking, Insurance, and Nonprofits.
The article compares Value Added Taxes (VAT) from around the world, focusing on theory and practice. It covers VAT principles, legal concepts, and application to different industries like banking and real estate. The authors also discuss cross-border situations and special issues in telecommunications and E-commerce. A key feature is the appendix with the EU's Sixth Directive, which guides VAT laws in EU countries.