Series: IMF Working Papers
Author(s): Howell Zee
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2004
Keywords: VAT, financial intermediation, financial sector, Taxation, Subsidies, and Revenue,
This paper contains a proposal (referred to as the "modified reverse-charging" approach) to tax financial intermediation services under a VAT. At the heart of the proposal is the application of a reverse charge tha...