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- Title
COMPARATIVE ANALYSIS OF VAT EVOLUTION IN THE EUROPEAN ECONOMIC SYSTEM.
- Authors
Stroe, Mihaela Andreea
- Abstract
In this paper we study a comparative analysis of VAT in different states of the world. I made some observation on this theme because I believe that VAT is very important in carrying out transactions and the increase or decrease of this tax has a major impact upon national economies and also on the quality of life in developing countries. The papers has to pourpose to make a comparison between the American and European system of taxation with its advantages and disadvantages and, in the end to render an economic model and its statistics components. VAT is a value added tax which appeared about 50 years, initially with two purposes: one to replace certain indirect taxes, and another to reduce the budget deficit according to the faith of that time. The first country that has adopted this model was France, calling it today as value-added tax.
- Subjects
EUROPE; VALUE-added tax; COMPARATIVE studies; ECONOMIC systems; BUDGET deficits; DEFICIT financing; QUALITY of life; DEVELOPING countries
- Publication
LESIJ - Lex ET Scientia International Journal, 2011, Vol 18, Issue 1, p223
- ISSN
1583-039X
- Publication type
Article