Shifting the balance – the evolution of indirect taxes
VAT and GST are two of the fastest growing taxes globally, with over 141 countries worldwide now operating such systems. Shifting the balance offers an insight into the growth of indirect taxes around the world and focuses on a number of key themes such as the shift from direct to indirect taxes, barriers to business and the need for reform, litigation, and the use of technology in indirect tax compliance.
Drawing on data gathered from across the PricewaterhouseCoopers global indirect tax network, the report provides an overview of the status of indirect taxes by presenting information on key regions and countries. In reviewing and comparing systems on an international basis, it is evident that no system is without its flaws and that countries with more established VAT/GST systems can learn from the successes of those with more recently implemented systems. A need for synchronisation and convergence in indirect tax legislation also emerges in the report, which examines the progress being made by the European Commission and the OECD in addressing this issue.
- The world at a glance
- The OECD’s view of the shift from direct to indirect taxation
- Customs overview
- The move from direct to indirect taxes – a view from Belgium
- Asia Pacific
- United Kingdom
- United States of America
- The administrative and accounting compliance burden
- VAT/GST contacts
- Customs contacts