Contents:
List of tables, figures and charts;
List of cases;
Preface to the revised edition;
1. Survey of taxes on consumption and income and introduction to Value Added Tax;
Appendix A to chapter 1 - development taxation;
2. Forms of consumption-based taxes and altering the tax base;
3. Varieties of VAT in use;
4. Registration, taxpayer, and taxable business activity;
5. Taxable supplies of goods and services and tax invoices;
6. The Tax Credit mechanism;
7. Introduction to cross-border aspects of VAT;
8. Timing and valuation rules;
9. Zero rating and exemptions and government entities and non-profit organizations;
10. Gambling and financial services (other than insurance);
11. Insurance;
12. Inter-jurisdictional aspects of VAT in federal countries and common markets;
13. Real property;
14. Proposals for US tax on consumption;
Appendices;
Schedules;
Index.