Taxation for the 21ST Century: The Automated Payment Transaction (APT) Tax

@article{Feige1998TaxationFT,
  title={Taxation for the 21ST Century: The Automated Payment Transaction (APT) Tax},
  author={Edgar L. Feige},
  journal={ERN: Informal Economy; Underground Economy (Topic)},
  year={1998}
}
  • E. Feige
  • Published 1 June 1998
  • Economics
  • ERN: Informal Economy; Underground Economy (Topic)
This paper examines the desirability and feasibility of replacing the present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes with a single comprehensive revenue neutral Automated Payment Transaction (APT) tax. In its simplest form, the APT tax consists of a flat tax levied on all transactions. The tax is automatically assessed and collected when transactions are settled through the electronic technology of the banking… 

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