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VAT Comes of Age

Niall Campbell, Partner-in-Charge of KPMG's Global Indirect Tax Practice, and Gary Harley, Head of Indirect Tax at KPMG in the UK, explain why indirect tax is becoming increasingly important to business

 
Niall Campbell Partner-in-Charge of KPMG's Global Indirect Tax Practice and Gary Harley Head of Indirect Tax at KPMG in the UK explain why indirect tax is becoming increasingly important to business
 
As global competition for investment puts pressure on national governments to reduce headline corporate income tax rates they must find alternative sources of tax revenue. VAT/GST is a particularly attractive alternative for governments as it is a very efficient means of collecting revenue without negatively impacting on the attractiveness of the jurisdiction as an investment location. The burden of collection falls predominantly on domestic suppliers of goods and...

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