Value Added Tax Fraud

Author : Marius-Cristian Frunza
Publisher : Routledge
Page : 306 pages
File Size : 40,5 Mb
Release : 2018-12-07
Category : Law
ISBN : 9781351580960

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Value Added Tax Fraud by Marius-Cristian Frunza Pdf

Serving as an introduction to one of the "hottest" topics in financial crime, the Value Added Tax (VAT) fraud, this new and original book aims to analyze and decrypt the fraud and explore multi-disciplinary avenues, thereby exposing nuances and shades that remain concealed by traditional taxation oriented researches. Quantifying the impact of the fraud on the real economy underlines the structural damages propagated by this crime in the European Union. The ‘fruadsters’ benefit when policy changes are inflicted in an economic space without a fully fledged legal framework. Geopolitical events like the creation of the Eurasian Union and 'Brexit' are analyzed from the perspective of the VAT fraud, thereby underlining the foreseeable risks of such historical turnarounds. In addition, this book also provides a unique collection of case studies that depict the main characteristics of VAT fraud. Introduction to VAT Fraud will be of interest to students at an advanced level, academics and reflective practitioners. It addresses the topics with regards to banking and finance law, international law, criminal law, taxation, accounting, and financial crime. It will be of value to researchers, academics, professionals, and students in the fields of law, financial crime, technology, accounting and taxation.

Author : A. A. Aronowitz,D. C. G. Laagland,G. Paulides
Publisher : Kugler Publications
Page : 168 pages
File Size : 46,9 Mb
Release : 1996
Category : Fraud
ISBN : 906299136X

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Value-added Tax Fraud in the European Union by A. A. Aronowitz,D. C. G. Laagland,G. Paulides Pdf

This research report aims at filling the knowledge gap concerning organized business crime by highlighting one specific phenomenon, that of EU cross-border VAT fraud. It intends to provide insight into: the effectiveness of the present VAT control system; the vulnerability of legitimate trade to criminal inroads; and, the development of organized crime in this area.

Author : Michael Keen,Stephen Smith
Publisher : International Monetary Fund
Page : 38 pages
File Size : 54,8 Mb
Release : 2007-02
Category : Business & Economics
ISBN : UCSD:31822034756684

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VAT Fraud and Evasion by Michael Keen,Stephen Smith Pdf

Like any tax, the VAT is vulnerable to evasion and fraud. But its credit and refund mechanism does offer unique opportunities for abuse, and this has recently become an urgent concern in the European Union (EU). This paper describes the main forms of noncompliance distinctive to a VAT, considers how they can be addressed, and assesses evidence on their extent in high-income countries. While the practical significance of current difficulties in the EU should not be over-stated, administrative measures alone may prove insufficient to deal with them, and a fundamental redesign of the VAT treatment of intra-community trade required. The current difficulties in the EU largely reflect circumstances that would not apply in the United States.

Author : United States. General Accounting Office
Publisher : Unknown
Page : 40 pages
File Size : 55,8 Mb
Release : 1980
Category : Value-added tax
ISBN : STANFORD:36105127387921

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The Value-added Tax in the European Economic Community by United States. General Accounting Office Pdf

Author : James R. White
Publisher : DIANE Publishing
Page : 67 pages
File Size : 55,8 Mb
Release : 2008-09
Category : Business & Economics
ISBN : 9781437905403

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Value-Added Taxes by James R. White Pdf

Dissatisfaction with the fed. tax system has led to a debate about U.S. tax reform, incl. proposals for a nat. consumption tax. One type of proposed consumption tax is a value-added tax (VAT). A VAT is levied on the difference between a bus. sales and its purchases of goods and services. Typically, a bus. calculates the tax due on its sales, subtracts a credit for taxes paid on its purchases, and remits the difference to the gov¿t. This report describes: (1) how VAT design choices, such as exemptions and enforcement mechanisms, have affected compliance, admin. costs, and compliance burden; (2) how countries with fed. systems administer a VAT; and (3) how countries that recently transitioned to a VAT implemented the new tax. Charts.

Author : Anonim
Publisher : Unknown
Page : 54 pages
File Size : 48,5 Mb
Release : 2016
Category : Tax evasion
ISBN : 9287238561

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Tackling Intra-community VAT Fraud by Anonim Pdf

Author : Cedric Andrew,Ms. Katherine Baer
Publisher : International Monetary Fund
Page : 32 pages
File Size : 55,8 Mb
Release : 2023-08-04
Category : Business & Economics
ISBN : 9798400228728

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How to Combat Value-Added Tax Refund Fraud by Cedric Andrew,Ms. Katherine Baer Pdf

A previous IMF Working Paper on value-added tax (VAT) refunds (WP/07/31, by Keen and Smith) describes the main forms of VAT noncompliance and concludes that VAT is susceptible to evasion and fraud like any other tax. This paper shows the insidious nature and extent of VAT refund fraud in selected EU countries and argues that this type of noncompliance requires tax administrations to adopt a coordinated strategy and deploy a range of countermeasures to combat this threat. Because such fraud is primarily a criminal legal issue, tackling it successfully will require cooperation, both internationally between VAT administrations and nationally between tax authorities and the judiciary. The paper’s focus is primarily on advanced economies in the context of the EU, but many of the recommendations are applicable to emerging market and developing countries. A separate IMF How to Note discusses managing VAT refunds in developing countries.

Author : Anonim
Publisher : Unknown
Page : 54 pages
File Size : 40,7 Mb
Release : 2016
Category : Fraud
ISBN : 9287238278

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Tackling Intra-community VAT Fraud by Anonim Pdf

Author : Robert F. van Brederode
Publisher : Kluwer Law International B.V.
Page : 615 pages
File Size : 45,6 Mb
Release : 2021-08-09
Category : Law
ISBN : 9789403524245

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Virtues and Fallacies of VAT: An Evaluation after 50 Years by Robert F. van Brederode Pdf

Value-added tax (VAT) is a mainstay of revenue systems in more than 160 countries. Because consumption is a more stable revenue base than other tax bases, VAT is less distorting and hence more likely to encourage investment, savings, optimum labor supply decisions, and growth. VAT is not without criticism however, and faces its own specific technical and policy challenges. This book, the first to thoroughly evaluate VAT from a global policy perspective after over 50 years of experience with its intricacies, offers authoritative perspectives on VAT’s full spectrum—from its signal successes to the subtle ways its application can undermine revenue performance and economic neutrality. The contributors—leading tax practitioners and academics—examine the key policy issues and topics that are crucially relevant for measuring the success of the tax in the first part of the book, including: revenue generation and revenue efficiency; single rate versus multiple rates; susceptibility to fraud; exemptions and exceptions; compliance cost for businesses; policy and compliance gaps in revenue collection; adjustment rules caused by the transactional nature of the tax; transfer pricing issues; treatment of vouchers; permanent establishments and holding companies; payment of refunds; cross-border digital transactions; and supplies for free or below cost price. The second part offers six country reports—on New Zealand, Japan, China, Colombia, Ethiopia, and India—to demonstrate the different ways in which VAT operates in a variety of national economies. Whether a government is contemplating the imposition of a general consumption tax for the first time or new rules for applying an existing one, it is important for policymakers to keep central the aim to design a tax that realizes optimal efficiency and causes minimal distortions. This invaluable book serves as an expert guide to VAT policy development in this area. It will be welcomed not only by concerned government officials but also by tax professionals (both lawyers and accountants) and academics in tax law.

Author : Alan Schenk,Oliver Oldman
Publisher : Cambridge University Press
Page : 570 pages
File Size : 46,6 Mb
Release : 2007-01-22
Category : Law
ISBN : 0521616565

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Value Added Tax by Alan Schenk,Oliver Oldman Pdf

This book integrates legal, economic, and administrative materials about value added tax. Its principal purpose is to provide comprehensive teaching tools - laws, cases, analytical exercises, and questions drawn from the experience of countries and organizations from all areas of the world. It also serves as a resource for tax practitioners and government officials that must grapple with issues under their VAT or their prospective VAT. The comparative presentation of this volume offers an analysis of policy issues relating to tax structure and tax base as well as insights into how cases arising out of VAT disputes have been resolved. The authors have expanded the coverage to include new VAT related developments in Europe, Asia, Africa and Australia. A chapter on financial services has been added as well as an analysis of significant new cases.

Author : Marius-Cristian Frunza
Publisher : Routledge
Page : 335 pages
File Size : 53,5 Mb
Release : 2018-12-07
Category : Law
ISBN : 9781351580977

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Value Added Tax Fraud by Marius-Cristian Frunza Pdf

Serving as an introduction to one of the "hottest" topics in financial crime, the Value Added Tax (VAT) fraud, this new and original book aims to analyze and decrypt the fraud and explore multi-disciplinary avenues, thereby exposing nuances and shades that remain concealed by traditional taxation oriented researches. Quantifying the impact of the fraud on the real economy underlines the structural damages propagated by this crime in the European Union. The ‘fruadsters’ benefit when policy changes are inflicted in an economic space without a fully fledged legal framework. Geopolitical events like the creation of the Eurasian Union and 'Brexit' are analyzed from the perspective of the VAT fraud, thereby underlining the foreseeable risks of such historical turnarounds. In addition, this book also provides a unique collection of case studies that depict the main characteristics of VAT fraud. Introduction to VAT Fraud will be of interest to students at an advanced level, academics and reflective practitioners. It addresses the topics with regards to banking and finance law, international law, criminal law, taxation, accounting, and financial crime. It will be of value to researchers, academics, professionals, and students in the fields of law, financial crime, technology, accounting and taxation.

Author : Michael Keen
Publisher : International Monetary Fund
Page : 28 pages
File Size : 53,8 Mb
Release : 2007-06
Category : Business & Economics
ISBN : UCSD:31822034349589

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VAT Attacks! by Michael Keen Pdf

Like the theory of the second best that the 2006 congress marks, the VAT is now fifty years old. Judged by the extent and speed of its spread around the world, and the revenue that it raises, the VAT would seem to have been a remarkable success. Over the last few years, however, it has come under a series of attacks. This paper considers three of the most prominent of these. One is the fear (raised mainly in the United States) that the VAT actually does too good a job of raising tax revenue. The second is the view that the VAT does a bad job of taxing the informal sector-and that tariffs might be a better revenue-raising instrument for many developing countries. The third attack is the most literal, by criminals rather than theorists: in the European Union and elsewhere, sophisticated VAT fraud, targeting its refund provisions, has become a serious concern.

Author : Mario Pessoa,Andrew Okello,Artur Swistak,Muyangwa Muyangwa,Virginia Alonso-Albarran,Vincent de Paul Koukpaizan
Publisher : International Monetary Fund
Page : 29 pages
File Size : 40,8 Mb
Release : 2021-05-10
Category : Business & Economics
ISBN : 9781513577043

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How to Manage Value-Added Tax Refunds by Mario Pessoa,Andrew Okello,Artur Swistak,Muyangwa Muyangwa,Virginia Alonso-Albarran,Vincent de Paul Koukpaizan Pdf

The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess input credits, which is critical to a well-functioning VAT system. Improperly functioning VAT refund practices can have profound implications for fiscal policy and management, including inaccurate deficit measurement, spending overruns, poor budget credibility, impaired treasury operations, and arrears accumulation.This note addresses the following issues: (1) What are VAT refunds and why should they be managed properly? (2) What practices should be put in place (in tax policy, tax administration, budget and treasury management, debt, and fiscal statistics) to help manage key aspects of VAT refunds? For a refund mechanism to be credible, the tax administration must ensure that it is equipped with the strategies, processes, and abilities needed to identify VAT refund fraud. It must also be prepared to act quickly to combat such fraud/schemes.

Author : Ine Lejeune,International Bureau of Fiscal Documentation
Publisher : Unknown
Page : 710 pages
File Size : 46,8 Mb
Release : 2014
Category : Electronic
ISBN : 9087222335

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Improving VAT/GST by Ine Lejeune,International Bureau of Fiscal Documentation Pdf

Author : Tatsuaki Okamoto,Yong Yu,Man Ho Au,Yannan Li
Publisher : Springer
Page : 508 pages
File Size : 47,8 Mb
Release : 2017-10-17
Category : Computers
ISBN : 9783319686370

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Provable Security by Tatsuaki Okamoto,Yong Yu,Man Ho Au,Yannan Li Pdf

This book constitutes the refereed proceedings of the 11th International Conference on Provable Security, ProvSec 2017, held in Xi'an, China, in October 2017. The 24 full papers and 5 short papers presented were carefully reviewed and selected from 76 submissions. The papers are grouped in topical sections on secure cloud storage and computing; digital signature and authentication; authenticated encryption and key exchange; security models; lattice and post-quantum cryptography; public key encryption and signcryption; proxy re-encryption and functional encryption; protocols.