What are the pros and cons of VAT?

From the Tax Foundation Archives: The Pros and Cons of a Value Added Tax (VAT)

  • Be based on consumption, and thus provide a stable revenue base;
  • Be “neutral,” since it would be imposed on all types of businesses;
  • Provide stronger incentives for businesses to control costs;
  • Encourage, or at least not discourage, savings;

Feb 9, 2017

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