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But some state governors worry about losing revenue from the changes, which involve introducing a uniform national value-added tax.
ECONOMIST: Cardoso��s reform puzzle
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For example, harmonisation of India's cascading sales taxes by introducing a uniform national value-added tax has repeatedly been postponed.
ECONOMIST: Too little investment; too big a deficit; too few jobs
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He was recently criticised during a televised debate by Minnesota Congresswoman Michele Bachmann, who said the sales tax would eventually become a national value-added tax.
BBC: Republicans 2012: Rick Perry unveils flat tax plan
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But this is rarely shared with parents and often not even with school governors, who might therefore read next year's national "value added" tables with considerable interest.
BBC: School 'value' shock is in store
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The government has further plans, among them a tax reform replacing state sales taxes with a national value-added tax, and a second, more radical reform of pensions.
ECONOMIST: Can Brazil hold the line?
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What if Congress lowers income tax rates and imposes a consumption tax--perhaps a national sales or value added tax--to make up the difference?
FORBES: The 2005 Investment Guide
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There often is debate about whether, if we went the national consumption tax route, a value-added tax (VAT) or retail sales tax (RST) would be better.
FORBES: Critiques of Herman Cain's 9-9-9 tax plan
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One reason is that the U.S. is about the only major industrialized nation that does not also have a Value-Added Tax or national sales tax.
FORBES: Obama's Pandering To The Business Lobby And The Truth About Taxes
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The president is determined to complete the reforms before the end of his term in 1998 -- tax reform, protection of intellectual property, retail trade liberalization, reform of the Philippine National Police, amendments to the Expanded Value Added Tax, more incentives to investors, judicial reforms.
CNN: INTERVIEW