A Value-Added Tax Contrasted with a National Sales Tax

[摘要] Proposals to replace all or part of the income tax and proposals for national health care have sparked congressional interest in possible sources of additional revenue. A value-added tax (VAT) or a national sales tax (NST) have been frequently discussed as possible new taxservices. Both the VAT and the NST are taxes on the consumption of goods and services and are conceptually similar. Yet, these taxes also have significant differences. This issue brief discusses some of the potential policy implications associated with these differences.

[发布日期] 2000-12-20 [发布机构] Library of Congress. Congressional Research Service.

[关键词] Taxation;Sales tax;Value-added tax