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- An Industry-Specific VAT in Michigan - Objective Valuation in the Retail Gasoline Trade (1)
- Certified service provider (1)
- D-VAT (1)
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- HROT (1)
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- Increase tax revenue (1)
- MTEC (1)
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- New York Hotel Room Occupancy Tax (1)
- No new taxes (1)
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- Real-time VAT (1)
- Room remarketers (1)
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Articles 1 - 3 of 3
Full-Text Articles in Law
An Industry-Specific Vat In Michigan - Objective Valuation In The Retail Gasoline Trade, Richard Thompson Ainsworth
An Industry-Specific Vat In Michigan - Objective Valuation In The Retail Gasoline Trade, Richard Thompson Ainsworth
Faculty Scholarship
New York adopted an industry-specific value added tax (VAT) to solve problems with virtual intermediaries (room remarketers) under its hotel accommodations tax. The New York VAT resembles the VAT used in the European Union (EU). It is a credit-invoice VAT that subjectively values supplies.
Michigan has also adopted an industry-specific credit-invoice VAT, however the targeted industry is the retail gasoline trade. The valuation method is objective, rather than subjective. In valuing supplies objectively rather than subjectively, the Michigan VAT resembles the exception provisions that are found in most VATs around the globe. Objective valuations are used in VATs when dealing …
Technology Solves Mtic - Vln, Rtvat, D-Vat Certification, Richard Thompson Ainsworth
Technology Solves Mtic - Vln, Rtvat, D-Vat Certification, Richard Thompson Ainsworth
Faculty Scholarship
Technology solves missing trader intra-community (MTIC) fraud. This should come as no surprise. MTIC is technology-intensive fraud – its solution should also be technology-intensive.
MTIC is getting to be an out-dated term. Now that missing trader fraud has move into services it is no longer confined to intra-community trade, and the older acronym should be adjusted to MTIC/MTEC fraud (with MTEC standing for missing trader extra-community).
MTIC/MTEC fraud is fully digitized (the supply, the movement of the supply, and the funding). The consequences should be clear. MTIC/MTEC must be prevented (before the fact), not pursued (after the fact). In the …
New York Adopts A Vat, Richard Thompson Ainsworth
New York Adopts A Vat, Richard Thompson Ainsworth
Faculty Scholarship
On August 13, 2010 the New York State Department of Taxation and Finance, Office of Tax Policy Analysis, Taxpayer Guidance Division released Amendments Affecting the Application of Sales Tax to Rent Received for Hotel Occupancy by Room Remarketers. The legislative revision it considers (Chapter 57 of the Laws of 2010) was effective September 1, 2010. The changes brought in by this Chapter effectively converted New York’s Hotel Room Occupancy Tax from a single-stage retail sales tax to multi-stage European-style VAT. This paper considers the New York VAT in hotel accommodations in three sections. The first defines a European-style credit-invoice VAT …