Will the U.S. Adopt a Value-Added Tax (VAT)?
Moderated by Hank Gutman, KPMG tax principal and director of the Tax Governance Institute, and former chief of staff of the U.S. Congressional Joint Committee on Taxation; Panel members: Richard Bird, professor emeritus and associate of the International Institute of Business, the University of Toronto; Harley Duncan, managing director, Washington National Tax, KPMG LLP, and former executive director of the Federation of Tax Administrators; Bill Gale The Arjay and Frances Miller Chair in Federal Economic Policy in the Economic Studies Program, at the Brookings Institution; and Wally Hellerstein, the Francis Shackelford Professor of Taxation, the University of Georgia Law School. | Oct. 14, 2009 | 1:00pm ET
Tax Governance Institute
With the U.S. federal budget deficit rising rapidly over the past few years and legislators looking for additional sources of tax revenue. Some leading economists and tax policy experts are beginning to talk about the possibility of imposing a value-added tax (VAT).
This TGI on-demand video Webcast examines why a VAT, as compared to other consumption taxes, could be a likely new revenue source. The discussion also covers existing VAT systems in other countries; the Canadian experience in structuring and implementing a VAT; and other realistic options for the United States.
The discussion is designed to help board members, C-level executives, and financial and tax executives think more comprehensively about the possibility of a U.S. VAT and how it could affect their businesses.