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?
How are different consumption taxes related? Q.How are different consumption taxes related? A.A retail sales tax, value-added tax, the flat tax, and the X-tax are closely related. These taxes are contrasted with wage taxes. Read more about How are different consumption taxes related?
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?
