Would tax evasion and avoidance be a significant problem for a national retail sales tax? Q.Would tax evasion and avoidance be a significant problem for a national retail sales tax? A.A national retail sales tax would certainly not eliminate tax evasion and avoidance, and might increase it. Read more about Would tax evasion and avoidance be a significant problem for a national retail sales tax?
What would be the effect of a national retail sales tax on economic growth? Q.What would be the effect of a national retail sales tax on economic growth? A.The switch from an income tax to a consumption-based tax would probably make a positive difference, but it is far from certain. Read more about What would be the effect of a national retail sales tax on economic growth?
How would a VAT be collected? Q.How would a VAT be collected? A.Most countries with a value-added tax employ the credit-invoice method. Under this method, businesses are taxed on their sales at each stage of production but obtain credits for the taxes they paid on inputs. Read more about How would a VAT be collected?
