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Could a National VAT Work in the United States?

Could a National VAT Work in the United States?

September 8, 2015
A number of scholars and economists have brought to attention the lack of a VAT in the United States. Currently implemented by every other nation in the OECD (Organization for Economic Co-operation and Development), including much of Europe, some argue that a VAT would help to increase revenue and revise the overly complex US federal tax code – a frequent point of discussion in national politics. What Makes a VAT Different? If you’ve ever traveled in Europe, you’re at least passingly familiar with the VAT or Value Added Tax that is applied to almost all sales. In its most basic… Read More