University of Illinois Urbana-Champaign

A Value -Added Tax (Vat) and the Federal Income Tax Reform

Kim, Sok Bom

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https://hdl.handle.net/2142/86509

Description

Title
A Value -Added Tax (Vat) and the Federal Income Tax Reform
Author(s)
Kim, Sok Bom
Issue Date
2008
Doctoral Committee Chair(s)
Richard L. Kaplan
Department of Study
Law
Discipline
Law
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
J.S.D.
Degree Level
Dissertation
Keyword(s)
Law
Language
eng
Abstract
The main question that my dissertation poses is whether or not a value-added tax (VAT) can work to positively reform the current federal income tax for individuals. Seeking a way to reform the current federal tax system, plagued by complexity, inefficiency, and unfairness, should begin with an observation of the fundamental ideas of income tax and consumption tax. A good reform idea must have strengths from each. A federal VAT, as a reform plan for the current federal tax structure, may work well to simplify the tax code and help reduce tax evasion, provided that the VAT is properly drafted. Furthermore, concerns about a federal VAT's propensity to collect more revenue and its regressive nature are often overstated. However, the major obstacle to the adoption of a federal VAT may be state and local tax structures that would offset most profits arising from such a VAT. Thus, a coordination of the federal and state tax systems would be an essential prerequisite to any federal tax reform plan that includes a VAT.
Graduation Semester
2008
Type of Resource
text
Permalink
http://hdl.handle.net/2142/86509

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