List of tables xiii Preface xv List of commonly used abbreviations and key terms xvii 1 The rise of the value-added tax 1 1 What lies behind the remarkable rise of the VAT? 5 2 Overview of the book 8 2.1 Part I-The rise of the value-added tax-Exploring the gap between expectation and deliver)' 8 2.2 Part II-Explaining the rise of the VAT 9 2.3 Part III-Case studies on the real-world challenges of VAT reform 12 PART I THE RISE OF THE VALUE-ADDED TAX-EXPLORING THE GAP BETWEEN EXPECTATION AND DELIVERY 2 An introduction to the good VAT 17 1 Defining the good VAT 17 2 Measuring the merits of the good VAT 2.1 Consumption is the preferred tax base 2.2 The good VAT measured against public finance criteria 3 Prescribing the good VAT-A comparison with other VAT alternatives 35 4 Norm 1-A broad consumption base at a single rate with minimal exclusions 4.1 Extend the good VAT through all stages of the production and distribution chain vii
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