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BizReport : White Papers : Finance
Are Current Economic Conditions Trending Toward a Value Added Tax in the U.S.?
Has the time come for VAT in the U.S? It is unclear, but one thing IS clear. In health care and tax reform, the conditions have never been more appropriate to consider emulating the successful experience of VAT seen in so many other nations. This article discusses:
- Reasons liberals and conservatives have traditionally opposed the idea
- How federal budget deficits are driving the conversation around VAT
- How VAT might impact tax distribution in the U.S.
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