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The Value-Added Tax in the European Economic Community

ID-81-2 Published: Dec 05, 1980. Publicly Released: Dec 05, 1980.
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Highlights

Congress has recently considered introducing a value-added tax in the United States with compensatory rate reductions in corporate and personal income taxes and Social Security taxes. The proposed tax changes are aimed at increasing domestic savings and capital investment, and thereby improving industrial productivity and the trade competitiveness of U.S. goods. GAO studied value-added tax systems and their administration in seven European Economic Community countries.

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CompetitionEconomic analysisFraudIncome taxesInternational relationsInternational tradeSocial security taxesTax administrationTax exempt organizationsTaxes