Value Added Tax Information

VAT to Replace CorpIncTax =
Fair Trade, Jobs & Growth

VAT, subtracted from exports and added to imports, will result in less outsourcing and more manufacturing jobs.

Zakaria, Fareed, “America needs a 2-page tax code,” Fareed Zakaria GPS, CNN, 03/24/2012

The simplest fix to our tax code would be would be to lower the income tax dramatically, lower the corporate tax, and instead raise revenues through a national sales tax, or a value-added tax (VAT).

Stockman, David: “We Need a Value Added Tax,” WSJ Report w/Maria Bartiromo, 08/11/11

David Stockman: “We need a value added tax.”

“Taxing Imports, Not Exports,” Steve Lohr, NYTimes, 12/13/16

"President-elect Donald J. Trump has vowed to protect and create American manufacturing jobs, even threatening high … [Read More...]

Bartlett, Bruce, “Tax Reform That Works; Building a Solid Fiscal Foundation with a VAT,” New America Foundation, 11/30/12

In advocating a Value Added Tax, this concise paper by Bruce Bartlett takes on the myths about VAT and the mistaken … [Read More...]

White, James R., Director, Strategic Issues, GAO, “Value-Added Taxes: Potential Lessons for the United States from Other Countries’ Experiences,” Testimony Before the Committee on Ways and Means, July 26, 2011

“…Some available data from our study countries indicate a VAT may be less expensive and easier to administer than an … [Read More...]

Altshuler, Rosanne, Department of Economics, Rutgers University, Testimony Before the Committee on Ways and Means, Hearing on Tax Reform and Consumption-Based Tax Systems, July 26, 2011

…“A VAT is a type of consumption tax that is similar to a retail sales tax but is collected in smaller increments … [Read More...]

Hufbauer, Gary Clyde and Woan Foong Wong, “Corporate Tax Reform for a New Century,” Policy Brief, Peterson Institute for International Economics, April, 2011

“In his State of the Union address, President Barack Obama stressed four ingredients of American prosperity: faster … [Read More...]

Domenici-Rivlin, “Restoring America’s Future,” The Debt Reduction Task Force, BipartisanPolicy.org, 11/17/10

Featured Op/Ed

Mankiw, N. Gregory, “One Way to Fix the Corporate Tax: Repeal It,” The New York Times, 08/23/14

Let’s repeal the corporate income tax entirely, and scale back the personal income tax as well. We can replace them with a broad-based tax on consumption. The consumption tax could take the form of a value-added tax…

Forbes: Tax Reform to End Inversions & Grow Economy/Jobs

Replacing the CorpIncTax by a VAT would end inversions, stimulate economic growth, increase employment, and work towards leveling income inequality.

Porter, Eduardo, “A Tax Code of Politics, Not Practicality,” NYTimes.com, 04/10/2012

VAT (Value Added Tax) Information | VATINFO.org