Analysis of value added tax revenues to the budget of the «G-7 countries»

In order to ensure the functions and tasks of public administration, which are expressed in such public expenditures as: remuneration of civil servants, payment of pensions, national defense, maintenance of public life necessary for the population (transport, agriculture, industry, education, etc.), the budget of any country is replenished with funds coming mainly from tax revenues. One of these taxes is the value-added tax, which makes a significant contribution to the Treasury of a country. Only the level of materiality of this tax in each country differs significantly from each other. In this regard, the article considers the receipts of value-added tax in the «Group of seven» countries, and analyzes the share of their receipts in the total amount of tax revenues, as well as their significance and significance for the budget of each country.