The inclusion of insurance services in the European VAT system—a problem that cannot be solved?-Reference-Cited by-同舟云学术

The inclusion of insurance services in the European VAT system—a problem that cannot be solved?

Published:2022-10 Issue:3 Volume:111 Page:339-352
ISSN:0044-2585
Container-title:Zeitschrift für die gesamte Versicherungswissenschaft
language:en
Short-container-title:ZVersWiss

Author:

Altenburger Otto A.^ORCID,Diewald Rudolf,Göttsche Max

Abstract

AbstractIn the European Union insurance premiums are not subject to value added tax (VAT), but—in most member states—to special taxes. As these and VAT on inputs are not recoverable there are high cumulative and hidden tax burdens. However, the inclusion of insurance (and other financial services) in the VAT system poses serious conceptual problems. Solutions suggested and discussed in literature as well as relevant regulations in countries outside Europe do not meet the principles constituting the European VAT system. The paper develops a realizable proposal for the inclusion of insurance services in this system meeting its constituting principles.

Funder

University of Vienna

Publisher

Springer Science and Business Media LLC

Subject

Economics and Econometrics,Finance,Accounting

Link

https://link.springer.com/content/pdf/10.1007/s12297-022-00536-1.pdf

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