What is the history of the VAT? Q.What is the history of the VAT? A.The value-added tax 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. Other countries followed in the 1980s and thereafter. Read more about What is the history of the VAT?
What transition rules would be needed for a national retail sales tax? Q.What transition rules would be needed for a national retail sales tax? A.The answer depends more on politics than economics. Read more about What transition rules would be needed for a national retail sales tax?
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?
