Abstract
Consumption based, value added tax (VAT) has been praised for years for its ability to generate revenues. Organizations and authorities claimed it to be an effective form of taxation. But their claim was based on assessment of mere developed economies and its implementation in developing/ underdeveloped economies was overlooked. Consequently, this paper is aimed at analyzing the impact of VAT when enforced in an underdeveloped country such as Pakistan. Using household survey data, the paper tries to grasp the effect this tax would have on social and economic life of the populace. Results suggested that VAT would disturb economic order of the society and hence the concept was inappropriate in current state of affairs.
Qamruz Zaman,, Okasha, Muhammad Iqbal. (2010) Value Added Tax-Theoretical Aspects and Empirical Evidence for Pakistan, Journal of Managerial Sciences, Volume 6, Issue 1.
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