By the analysis of the influence of value-added tax on economic increase, the article draws the conclusion that it is very necessary to change value-added tax system of production into value-added tax system of consumption which has little influence on economy.
Additional value-added tax rebates for exporters are also likely, given that textile exporters have already received them.
The current value-added tax system of production of our country has already held up the economic growth to some extent.
Much of its recent rise is driven by what are clearly one-off factors, from weak Russian harvests that sent grain prices soaring to the rise in value-added tax in Britain.
His main economic initiative aims to simplify an incredibly cumbersome system of state-based sales taxes, laying the groundwork for a national value-added tax.
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