A Value -Added Tax (Vat) and the Federal Income Tax Reform

The main question that my dissertation poses is whether or not a value-added tax (VAT) can work to positively reform the current federal income tax for individuals. Seeking a way to reform the current federal tax system, plagued by complexity, inefficiency, and unfairness, should begin with an observation of the fundamental ideas of income tax and consumption tax. A good reform idea must have strengths from each. A federal VAT, as a reform plan for the current federal tax structure, may work well to simplify the tax code and help reduce tax evasion, provided that the VAT is properly drafted. Furthermore, concerns about a federal VAT's propensity to collect more revenue and its regressive nature are often overstated. However, the major obstacle to the adoption of a federal VAT may be state and local tax structures that would offset most profits arising from such a VAT. Thus, a coordination of the federal and state tax systems would be an essential prerequisite to any federal tax reform plan that includes a VAT.

Name thesis:degree_name

J.S.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Law

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Kim, Sok Bom

Contributors dc:contributor

• Richard L. Kaplan

• Law

Language dc:language

eng

Identifier

(MiAaPQ)AAI3314820

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/86509