Second, he also makes the common mistake of assuming that 1) a destination-based tax is the only way to move to a consumption tax and 2) that a border-adjustment tax is a consumption tax.

After 2027, the consumption tax rate would vary based on government spending. The combined federal tax rate would be determined as follows: A 14.91% sales tax to cover general fund spending ...

The Federal Government's proposed Tax Reform Bill aims to reshape Nigeria's Value Added Tax (VAT) derivation formula The proposed reform seeks to shift the revenue distribution paradigm by ...

Lead researcher (Centre of Excellence in Islamic Finance), INCEIF University, Prof Dr Baharom Abdul Hamid said the GST, which is a consumption-based tax, is an important component of the economy ...

An evaluation of whether a shift to consumption-based taxes would help make Florida more attractive to businesses compared to other states. An analysis of the potential impact of eliminating ...

POLICYMAKERS should consider simplifying the income tax regime via a flat, with top earners currently a disproportionate burden, possibly jeopardizing fiscal stability, according to a House of ...

KUALA LUMPUR: Pakatan Harapan’s promise to abolish the Goods and Services Tax (GST) materialised with the passing of a bill to repeal the consumption-based tax. Finance Minister Lim Guan Eng ...

Tax revenue in Japan in fiscal 2020 that ended in March 2021 jumped by 2.3801 trillion yen ($21.5 billion) from the previous fiscal year to a record 60.8216 trillion yen, fueled by a consumption ...

Other purchases were made by foreigners who had been in Japan for more than six months and were therefore not eligible for the exemption on the consumption tax. Costco Wholesale Japan Ltd., based ...