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GST in Select Countries of the World: Lessons for India

VISION: Journal of Indian Taxation

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Title GST in Select Countries of the World: Lessons for India
 
Creator Bhasin, Rahul
Mittal, Anuraag
 
Subject —
Goods and Services tax (GST); Broad-based tax; Federal taxes.
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Description With the impending GST law in India, this paper examines the functioning of GST in certain select countries of the world such as Canada, Australia, Malaysia, New Zealand and Singapore. The experience of other countries have shown that exempting or reducing GST on certain items did not mean that tax savings would be passed on to consumers. Therefore, the GST should be kept broad-based to keep the GST low and the GST system simple, while help is directly provided to the lower-income through transfers and subsidies. Critics have argued that the GST is a regressive tax, which has a more pronounced effect on lower income earners, meaning that the tax consumes a higher proportion of their income, compared to those earning large incomes. However, due to the corresponding reductions in personal income taxes, state banking taxes, federal wholesale taxes and some fuel taxes that were implemented when the GST was introduced in some of these countries, it is claimed by some that people were effectively paying no extra tax.
 
Publisher Journal Press India
 
Contributor —
 
Date 2017-06-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/VISION/article/view/7902
10.17492/vision.v3i2.7902
 
Source VISION : Journal of Indian Taxation; Vol 3, No 2 (2017)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/7902/7234