Value Added Tax
Information Resource
Featured Video
VAT to Replace CorpIncTax =
Fair Trade, Jobs & Growth
VAT, subtracted from exports and added to imports, will result in more outsourcing accounting 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.”
Featured Article
“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...]
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.