A new state VAT? Lessons from New Hampshire. (value-added tax)(Fundamental Tax Reform: Possibilities and Problems): An article from: National Tax Journal

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From the author: In 1993, New Hampshire became the second state in the United States to levy a form of value-added tax (VAT). This business enterprise tax (BET) is levied on firms' wages and other compensation, interest, and dividends, at a 0.25 percent rate. The BET contributes about one-fifth of total business tax revenues to the state; most of the rest is contributed by the business profits tax (BPT). The BET compares favorably to the BPT in terms of perceived equity, stability, efficiency, simplicity, growth, and competitiveness. The author concludes that a VAT can usefully serve as a complementary business tax instead of as a state's primary business tax.

Citation Details
Title: A new state VAT? Lessons from New Hampshire. (value-added tax)(Fundamental Tax Reform: Possibilities and Problems)
Author: Daphne A. Kenyon
Publication:National Tax Journal (Refereed)
Date: September 1, 1996
Publisher: National Tax Association
Volume: 49 Issue: n3 Page: 381-399

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