Value Added Tax Information Resource
VAT, subtracted from exports and added to imports, will result in less outsourcing and more manufacturing jobs.
The simplest fix to our tax code would be would be to lower the income tax dramatically, lower the corporate tax, and instead raise revenues through a national sales tax, or a value-added tax (VAT).
David Stockman: “We need a value added tax.”
Bartlett, Bruce, “Tax Reform That Works; Building a Solid Fiscal Foundation with a VAT,” New America Foundation, 11/30/12
In advocating a Value Added Tax, this concise paper by Bruce Bartlett takes on the myths about VAT and the mistaken … [Read More...]
White, James R., Director, Strategic Issues, GAO, “Value-Added Taxes: Potential Lessons for the United States from Other Countries’ Experiences,” Testimony Before the Committee on Ways and Means, July 26, 2011
“…Some available data from our study countries indicate a VAT may be less expensive and easier to administer than an … [Read More...]
Altshuler, Rosanne, Department of Economics, Rutgers University, Testimony Before the Committee on Ways and Means, Hearing on Tax Reform and Consumption-Based Tax Systems, July 26, 2011
…“A VAT is a type of consumption tax that is similar to a retail sales tax but is collected in smaller increments … [Read More...]
Hufbauer, Gary Clyde and Woan Foong Wong, “Corporate Tax Reform for a New Century,” Policy Brief, Peterson Institute for International Economics, April, 2011
“In his State of the Union address, President Barack Obama stressed four ingredients of American prosperity: faster … [Read More...]
Domenici-Rivlin, “Restoring America’s Future,” The Debt Reduction Task Force, BipartisanPolicy.org, 11/17/10
"Phase-in a Debt Reduction Sales Tax (DRST) The tax reforms described above greatly simplify the income tax system, and … [Read More...]