AccountingWEB

Import VAT postponement in Quickbooks online

Quickbooks has a separate VAT code (PVA 20%) for use when import VAT is postponed.  However, when set to use the cash accounting scheme for VAT, all ...
The Fiscal Times

The VAT Isn’t the Only Idea for Reforming the Tax Code

While proposals to extend President George W. Bush’s tax cuts and to adopt a European-style value-added tax (VAT) have received considerable attention recently, a handful of other proposals have been ...
The Hill

Volcker: Current tax code ‘exhausted’; VAT or carbon tax may be needed

An energy, carbon or value-added tax would be more efficient than income taxes and should be considered, Volcker said in Washington at a debt summit sponsored by the Peter G. Peterson Foundation.
Wall Street Journal

There Is a Path, or Two, to a Simpler Tax Code

Regarding “Why Simpler Taxes Are So Complicated” (Exchange, March 16): Public policy would best be served by taxing consumption at the federal and state levels. The current mess should be replaced ...