What is a national retail sales tax? Q.What is a national retail sales tax? A.A national retail sales tax is a consumption tax collected as a flat-rate tax on all sales from businesses to households. Read more about What is a national retail sales tax?
What is the difference between a tax-exclusive and a tax-inclusive sales tax rate? Q.What is the difference between a tax-exclusive and tax-inclusive sales tax rate? A.It depends on whether the tax is reported relative to the pre-tax or post-tax price. Read more about What is the difference between a tax-exclusive and a tax-inclusive sales tax rate?
What is the Canadian experience with a VAT Q.What is the Canadian experience with a VAT? A.Concerns about regressivity, transparency, coordination with state sales taxes, and money machines can be assuaged by observing the Canadian value-added tax experience. Read more about What is the Canadian experience with a VAT
