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VAT in the European Union


# 104589
VAT in the European Union
This paper analyzes the pros and cons of modernizing value added tax (VAT) obligations for financial services and insurance markets in the European Union.
2,345 words (approx. 9.4 pages) | 22 sources | APA | 2008 Philippines


Paper Summary:

The paper assesses current opinion regarding the modernization of VAT measures and determines the areas of concern. The paper then examines the opinion of various stakeholders on the issue, the EU's objectives and the state of global markets. The paper concludes that before the VAT directive can be accepted by the public and industry, it has to be able to justify the cost of changes in accounting and fiscal costs, simplify application and remittance, and ensure that it does not impair the status or competitiveness of EU-based companies and member states.

Outline:
Introduction
Background
Assessment
Analysis
Conclusion

From the Paper:

"The intimacy of economies, particular those subject to liberalization through multilateral regional agreements such as the European Union (EU), has brought home the impact of legislation and taxation on a new scale. Together with the development of electronic ales and distribution channels, many states and economic organizations have sought to respond to the challenge of governing these non-traditional markets more effectively. At the same time, there is a realization that though the provisions are limited to commerce in the EU, its implications extend beyond the borders of the union."

Sample of Sources Used:

  • Battiau, P, 2006. Challenges for the European Finance Sector - Obstacles created by the current VAT regime. from the Modernizing the VAT Rules for Financial Services and Insurances Joint Conference, 11 May 2006, [Online]. Available at: <http://ec.europa.eu/taxation_customs/resources/documents/common/consultations/tax/VAT_Conference_11052006/Presentation_Battiau.pdf > [accessed 13 February 2008]
  • Besson, P., 2006. The Allianz Case - VAT in a Financial Service Group with Europe as a home market. from the Modernizing the VAT Rules for Financial Services and Insurances Joint Conference, 11 May 2006, [Online]. Available at: <http://ec.europa.eu/taxation_customs/resources/documents/common/consultations/tax/VAT_Conference_11052006/Presentation_Besson.pdf> [accessed 13 February 2008]
  • Brochner, J., Jensen, J., Svensson, P. & Sorensen, P. B., 2007. The Dilemmas of Tax Coordination in the Enlarged European Union. CESifo Economic Studies, Dec (53): 561 - 595.
  • Burgin, N., The macro-economic impact of VAT on outsourcing. from the Modernizing the VAT Rules for Financial Services and Insurances Joint Conference, 11 May 2006, [Online]. Available at: <http://ec.europa.eu/taxation_customs/resources/documents/common/consultations/tax/VAT_Conference_11052006/Presentation_Burgin.pdf> [accessed 13 February 2008]
  • Cox, B., 2003. EU VAT: a New Tax Headache for E-Commerce. Internet News, 21 April, [Online]. Available at: <http://www.internetnews.com/ec-news/article.php/2194111> [accessed 13 February 2008]

Cite this paper

APA Citation:

VAT in the European Union (2012, January 15). Retrieved February 13, 2012, from http://www.academon.com/Term-Paper-VAT-in-the-European-Union/104589

MLA Citation:

"VAT in the European Union" 15 January 2012. Web. 13 Feb. 2012. <http://www.academon.com/Term-Paper-VAT-in-the-European-Union/104589>




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WORK EXPERIENCE REGIONAL AREA MANAGER - PLAINS & PRINTS STORES, INC. (July 2005 - June present) In charge of regional store operations, creation of strategies and operational initiatives to achieve sales goals, manpower development, market positioning and product development. Supports the operations of Space and She. CREATIVE OPERATIONS OFFICER - GALAXY ISP, INC. (October 2004-February 2005) Strategize and implement start up product planning, product rollout, and product partnerships for information communications-technology (ICT) and computer-telephony-integration (CTI) systems, and aggressively market these systems to all applicable consumer and corporate segments. Facilitated company's human resources, marketing, administrative support and corporate planning programs. TRAINEE - DEPARTMENT OF TOURISM (WOW PHILIPPINES PROGRAM) (January 2004-March 2004) Helped in the establishment of communication and support channels to aid partner companies of the program to realize department goals and initiatives through development of evaluation models and competitive travel packages. EDUCATION DE LA SALLE UNIVERSITY Bachelor of Science in Commerce major in Marketing Management, Dean's Lister. June 2004 UNIVERSITY OF THE PHILIPPINES Undergraduate-Bachelor of Science in Business Administration, Dean's Lister - Undergraduate (1998-2000) MANILA SCIENCE HIGH SCHOOL High School Diploma, March 1998
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