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The treatment of credit in EU VAT and an evaluation of the cash- flow method applied to it

Dimogianni, Theodora LU (2014) HARN60 20131
Department of Business Law
Abstract
The credit is a financial service which holds a vital role to the transactions between the financial and non-financial enterprises with their customers. The goal of credit is to aid the legal and physical persons to successfully face and thus to overcome their difficult economical situations. Due to the fact that the VAT exemption status of granting, negotiation and management of credit causes negative consequences for the EU economy, several proposals for imposing the VAT on the financial services have been derived from a number of methods. One of them, it is believed to be the most important of all. This is the cash-flow method which constitutes a suggestion for taxing the VAT exempt financial services which are of capital nature and... (More)
The credit is a financial service which holds a vital role to the transactions between the financial and non-financial enterprises with their customers. The goal of credit is to aid the legal and physical persons to successfully face and thus to overcome their difficult economical situations. Due to the fact that the VAT exemption status of granting, negotiation and management of credit causes negative consequences for the EU economy, several proposals for imposing the VAT on the financial services have been derived from a number of methods. One of them, it is believed to be the most important of all. This is the cash-flow method which constitutes a suggestion for taxing the VAT exempt financial services which are of capital nature and their remuneration is hidden in the profit margin. This method will be described and analyzed so as to find a solution for correctly entering the granting, negotiation and management of credit into the normal VAT system. (Less)
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author
Dimogianni, Theodora LU
supervisor
organization
course
HARN60 20131
year
type
H1 - Master's Degree (One Year)
subject
keywords
Cash-flow method, VAT, Granting, Credit, Financial services, Negotiation, Management, Tax exemptions, Margin based products
language
English
id
4457301
date added to LUP
2014-06-17 15:29:12
date last changed
2014-06-17 15:29:12
@misc{4457301,
  abstract     = {The credit is a financial service which holds a vital role to the transactions between the financial and non-financial enterprises with their customers. The goal of credit is to aid the legal and physical persons to successfully face and thus to overcome their difficult economical situations. Due to the fact that the VAT exemption status of granting, negotiation and management of credit causes negative consequences for the EU economy, several proposals for imposing the VAT on the financial services have been derived from a number of methods. One of them, it is believed to be the most important of all. This is the cash-flow method which constitutes a suggestion for taxing the VAT exempt financial services which are of capital nature and their remuneration is hidden in the profit margin. This method will be described and analyzed so as to find a solution for correctly entering the granting, negotiation and management of credit into the normal VAT system.},
  author       = {Dimogianni, Theodora},
  keyword      = {Cash-flow method,VAT,Granting,Credit,Financial services,Negotiation,Management,Tax exemptions,Margin based products},
  language     = {eng},
  note         = {Student Paper},
  title        = {The treatment of credit in EU VAT and an evaluation of the cash- flow method applied to it},
  year         = {2014},
}