scholarly journals The Technology Intensity of the Final Demand for Goods and Services: a Value-Added Analysis of the Brazilian Economy

2017 ◽  
Author(s):  
Ricardo R. RAMOS ◽  
Victor PROCHNIK
Keyword(s):  
Value Added ◽  
Final Demand ◽  
Goods And Services ◽  
A Value

scholarly journals Taxpayer Non-Compliance with Input Tax Credit Rules: Data and Policy Options for Canada

2020 ◽  
Vol 68 (3) ◽  
pp. 751-800
Author(s):  
Cody Kessler
Keyword(s):  
Value Added ◽  
Credit System ◽  
Commercial Activity ◽  
Excise Tax ◽  
Goods And Services ◽  
Commercial Activities ◽  
A Value ◽  
Reporting Requirements ◽  
Agency Relationships ◽  
Compliance Measure

Input tax credits (ITCs) are a mechanism for businesses to recover the goods and services tax (GST)/harmonized sales tax (HST) paid on expenses related to their commercial activities. While many businesses claim ITCs in accordance with the rules, instances of non-compliance are apparent. Canada uses an invoice credit system that relies on the claimant's retention of documentation that can be checked to detect any overstatement of ITC entitlement. Absent an audit, businesses are generally not required to provide tax authorities with details of their transactions. This article draws on a study of case law relating to section 169 of the Excise Tax Act over the five-year period 2014-2019. Section 169 contains the general principles and rules for claiming ITCs. The study highlights various reasons for non-compliance with the ITC system in Canada, both intentional and unintentional. There are several recurring themes: the prevalence of fraudulent practices in certain industries, burdensome documentation and verification requirements, and taxpayers' misunderstanding of the rules for claiming ITCs, owing to ambiguous or otherwise complicated legal tests. In particular, the substantive rules concerning what constitutes a "commercial activity" for the purposes of claiming ITCs are often misapplied or misunderstood by claimants. Undisclosed agency relationships also cause problems where they result in the wrong name appearing on the documentation supporting an ITC claim. These issues point to certain flaws in the implementation of the rules under the GST/HST regime in Canada. In response to instances of suspected fraud, Canadian tax authorities have been results-driven in implementing increasingly onerous supplier verification requirements that must be met before an ITC is claimed, particularly where the supplier did not remit the applicable tax. This contributes to a high compliance burden for taxpayers. Some proposals have been made for changes that would mitigate the issues associated with undisclosed agency relationships, but there are still problems with the documentation requirements and other substantive rules for claiming ITCs that need to be addressed. The article concludes with a review of reform options proposed or adopted in other jurisdictions with a value-added tax. It also discusses a compliance measure implemented in Quebec (the attestation de Revenu Québec), which could be applied in other provinces. Specific recommendations are made for the adoption of e-invoicing and increased reporting requirements to address some of the reasons for non-compliance in Canada. A number of countries have moved toward implementing periodic or near-real-time reporting requirements. These measures show promise and suggest that Canada could move in that direction as well.

scholarly journals The C-inefficiency of the EU-VAT and what can be done about it

2021 ◽  
Author(s):  
Sijbren Cnossen
Keyword(s):  
European Union ◽  
Union Member ◽  
Value Added ◽  
Member States ◽  
Goods And Services ◽  
Administrative Capacity ◽  
A Value ◽  
The Common ◽  
European Union Member States ◽  
The Eu

AbstractIt is widely agreed that in countries without major constraints on administrative capacity, a value-added tax (VAT) should tax all goods and services at a uniform rate. In these countries, VAT’s C-efficiency, that is, actual revenue over potential revenue, should be one if compliance is perfect. Under this approach, VAT’s C-inefficiency—the aggregate of the policy gap (exemptions, reduced rates, thresholds) and the compliance gap (revenue shortfalls due to laps in compliance and implementation)—is treated as a residual. This contribution shows that calculating VAT’s C-inefficiency independently of its C-efficiency produces a more telling benchmark, particularly of the policy gap. This is illustrated by an analysis of the revenues of the Dutch VAT, which, given the common VAT directive, should be representative of the VATs in other European Union Member States. The large policy gap, hovering around 0.50, forms the background for exploring three options to improve VAT’s performance: reforming the common directive, ceding VAT design to Member States, and introducing a common modern VAT which can be piggybacked by Member States.

scholarly journals Environmental-social-economic footprints of consumption and trade in the Asia-Pacific region

2020 ◽  
Vol 11 (1) ◽  
Author(s):  
Lan Yang ◽  
Yutao Wang ◽  
Ranran Wang ◽  
Jiří Jaromír Klemeš ◽  
Cecília Maria Villas Bôas de Almeida ◽  
...  
Keyword(s):  
Energy Use ◽  
Social Economic ◽  
Value Added ◽  
Final Demand ◽  
Economic Effects ◽  
Asia Pacific ◽  
Asia Pacific Region ◽  
Regional Trade ◽  
Economic Productivity ◽  
Goods And Services

Abstract Asia-Pacific (APAC) has been the world’s most dynamic emerging area of economic development and trade in recent decades. Here, we reveal the significant and imbalanced environmental and socio-economic effects of the region’s growths during 1995–2015. Owing to the intra-regional trade of goods and services, APAC economies grew increasingly interdependent in each other’s water and energy use, greenhouse gas (GHG) and PM2.5 emissions, and labor and economic productivity, while the environmental and economic disparity widened within the region. Furthermore, our results highlight APAC’s significant role in globalization. By 2015, APAC was engaged in 50–71% of the virtual flows of water, energy, GHG, PM2.5, labor, and value added embodied in international trade. While the region’s final demand and trade grew less resource- and emissions-intensive, predominantly led by China’s transformations, APAC still lags behind global averages after two decades. More joint efforts of APAC economies and attention to sustainable transformation are needed.

Novel CO2-Thermic Oxidation Process with Mg-Based Intermetallic Compounds and Its Application to Energy Storage Materials

2018 ◽  
Author(s):  
Younghwan Cha ◽  
Jung-In Lee ◽  
Panpan Dong ◽  
Xiahui Zhang ◽  
Min-Kyu Song
Keyword(s):  
Intermetallic Compounds ◽  
Oxidation Process ◽  
Value Added ◽  
Energy Storage Materials ◽  
Reaction Products ◽  
Materials Synthesis ◽  
Energy Materials ◽  
A Value ◽  
Carbon Coated ◽  
Novel Strategy

A novel strategy for the oxidation of Mg-based intermetallic compounds using CO<sub>2</sub> as an oxidizing agent was realized via simple thermal treatment, called ‘CO2-thermic Oxidation Process (CO-OP)’. Furthermore, as a value-added application, electrochemical properties of one of the reaction products (carbon-coated macroporous silicon) was evaluated. Considering the facile tunability of the chemical/physical properties of Mg-based intermetallics, we believe that this route can provide a simple and versatile platform for functional energy materials synthesis as well as CO<sub>2</sub> chemical utilization in an environment-friendly and sustainable way.

Sign in / Sign up

Export Citation Format

Share Document