What is the experience of other countries with national retail sales taxes? Q.What is the experience of other countries with national retail sales taxes? A.No country has attempted a truly ambitious retail sales tax. Those that have tried more modest versions have abandoned them in favor of value-added taxes. Read more about What is the experience of other countries with national retail sales taxes?
What would the tax rate be under a VAT? Q.What would the tax rate be under a VAT? A.The rate of a value-added tax depends on how much revenue it is intended to raise and how broad the VAT base is. The lower the revenue target and the broader the base, the lower the tax rate will be. Read more about What would the tax rate be under a VAT?
Would a national retail sales tax simplify the tax code? Q.Would a national retail sales tax simplify the tax code? A.It would for individuals, but not as much for businesses and enforcement authorities. Read more about Would a national retail sales tax simplify the tax code?
