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?
What would and would not be taxed under a national retail sales tax? Q.What would and would not be taxed under a national retail sales tax? A.In theory, all consumption would be taxed. In practice, there would be great pressure to narrow the base. Read more about What would and would not be taxed under a national retail sales tax?
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?