TITLE

The new year will bring new challenges

AUTHOR(S)
Taylor, Ian
PUB. DATE
June 2009
SOURCE
Travel Weekly (UK);6/26/2009, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
In this article, the author discusses the potential impact of value-added tax (VAT) and other tax increases on discretionary consumer spending including travel in the current recession. He comments on the views of Barclays Capital Inc.'s global foreign exchange strategist Adarsh Sinha and the company Oxford Economics' chairman John Walker regarding the worsening effect of recession on the aviation sector. He considers recent fall in travel company share values as the result of affected spending.
ACCESSION #
43380134

 

Related Articles

  • ANALYSIS OF TAX TREATMENT OF FINANCIAL SERVICES UNDER A CONSUMPTION-STYLE VAT. Schenk, Alan; Oldman, Oliver // Tax Lawyer;Fall90, Vol. 44 Issue 1, p181 

    Reports the imposition of value added tax on personal consumption in the United States. Need of taxation for services offered by financial institutions; Components of finance charges; Analysis of value-added tax base by addition rather than substraction approach.

  • On the Efficiency and Distributive Justice of Consumption Taxes: A Study on VAT in West Germany. Kaiser, Helmut; Spahn, P. Bernd // Journal of Economics;1989, Vol. 49 Issue 2, p199 

    The article discusses the value-added taxation (VAT) on consumption in Germany. It is conventional wisdom that value-added taxation or, more generally, systems of non-progressive taxes on consumption are biased in the sense that the income incidence of such taxes is regressive. In response to...

  • European Commission revises VAT plan.  // Accountancy;Jul1989, Vol. 104 Issue 1151, p47 

    The article discusses the revised proposals of the European Commission for the approximation of indirect taxation in Europe. It hopes that the package will gain member states' approval and so be implemented in time for the completion of the single European market. The revised proposals include a...

  • VAT : a matter of consequence-- Part III. Landon, Peter // Accountancy;Apr1980, Vol. 91 Issue 1040, p51 

    This article focuses on the recognition of value added tax (VAT) as an indirect tax on consumption in Great Britain. For pension arrangements, it has long been appreciated that the levying of VAT on costs such as administration and actuarial charges and on brokers' fees can represent a marked...

  • Consumption Taxes in the Internet World. Scott, Charles; Derrick, Frederick; Sedgley, Norman // International Advances in Economic Research;Nov2003, Vol. 9 Issue 4, p304 

    The evolution of e-commerce raises serious issues concerning the current and future viability of consumption taxes. The dimensions of e-commerce (product, process, and agent) are shown to significantly impact the characteristics of taxes. The key issue addressed is whether the sales and use tax...

  • Worldwide experience in sales taxation: Lessons for North America. Gillis, Malcolm // Policy Sciences;Jun1986, Vol. 19 Issue 2, p125 

    Worldwide fiscal experience over the past twenty-five years indicates steady expansion in the political and academic constituency for expenditure taxation, including indirect taxes on consumption. Retail levies have emerged as the preferred method of indirect taxation of consumption, as older,...

  • VAT & EXCISE. Dunham, Robin; Fisher, Liz; Grey, Sarah; Irvine, Julia; Maddalena, Christina // Accountancy;Jan1994, Vol. 113 Issue 1205, p20 

    This article discusses developments in tax law pertaining to value-added tax (VAT) and excise tax in Great Britain. Changes include: duty on table wine, sparkling wine, cider, fortified wine, tobacco, and petrol; air travel; VAT registration; insolvent traders; cars leased to taxi firms; company...

  • IS A VALUE ADDED TAX REGRESSIVE? ANNUAL VERSUS LIFETIME INCIDENCE MEASURES. Caspersen, Erik; Metcalf, Gilbert // National Tax Journal;Dec94, Vol. 47 Issue 4, p731 

    We measure the lifetime incidence of a value added tax (VAT) using data from the Panel Study of Income Dynamics (PSID) and the Consumer Expenditure Survey (CEX). Using annual income to measure economic well-being makes a VAT look quite regressive. Using two different measures of lifetime income,...

  • POST: LA SUBIDA DEL IVA EN 2013: CÓMO VER LAS COSAS EN POSITIVO.  // Estrategia Financiera;2012, Vol. 27 Issue 295, p5 

    No abstract available.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics