What is the history of a VAT? Q.What is the history of a VAT? A.The value-added tax (VAT) is a relatively new tax. It was designed by two people, independently, in the early 20th century. Many European countries enacted a VAT in the 1960s and 1970s. Developing countries followed in the 1980s and thereafter. Read more about What is the history of a VAT?
What did the President’s Advisory Panel on Tax Reform say about the national retail sales tax? Q.What did the President’s Advisory Panel on Tax Reform say about the national retail sales tax? A.Put simply: a nonstarter. Read more about What did the President’s Advisory Panel on Tax Reform say about the national retail sales tax?
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?
