This plan would replace the current system of taxes with a 9% individual flat tax, a 9% value added tax on corporations, and a 9% sales tax.
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.
This rises to 59% once value added tax (VAT) has been added.
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?
We could repeal the corporate tax entirely and enact a Value-Added Tax.
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.
The tax hikes include a rise in the value-added tax and a (risk-adjusted) levy on bank profits.
The tax increases will more than triple what the Democrats advocated, including a large new Value Added Tax (probably called a Business Receipts Tax).
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The American tax system actually is more progressive than that of many European nations which rely on the Value Added Tax.
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An existing 16.5% tax on wholesale transactions is to become a value-added tax at a slightly lower rate, though existing exemptions will survive (a mistake, say some economists).
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.
At the beginning of 1994, with only a few weeks' notice, the authorities scrapped a 5% tax levied on foreign companies and introduced a 17% value-added tax instead.
So it was a dilemma for us: to reconstruct the old tax system, or to combine price liberalisation with a new value-added tax.
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The manifesto confirms its ambitions on tax: for a lower 10p starting rate of income tax, for a cut from 8% to 5% in value-added tax on fuel, and for no increase in the 23p basic rate nor the 40p higher rate of income tax.
Last week, Italy increased the value added tax a full percentage point to 21%.
Value Added Tax or VAT is a kind of sales tax in much of the world.
It aims to introduce a fully fledged value added tax by the spring of 2013.
Value added tax (VAT) is paid whenever you buy goods or a service.
Are the Republicans afraid to raise the issue of a value added tax?
Unlike schools and academies, colleges are unable to claim back Value Added Tax and so have to pay it in full.
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Taxes on products include value added tax (VAT), excise, fuel tax, etc.
And senior Democratic officials, including Paul Volcker and Nancy Pelosi, have been floating trial balloons about bringing a broad-based Value Added Tax to the United States.
Value Added Tax (VAT) on household energy bills must be scrapped to prevent pensioners having to choose between heating and eating, campaigners and charities claim.
The betting among London city analysts is that the new government will hike the Value Added Tax to 20% in early 2011 from its current 17.5%.
Democrats would like to use the crisis to push through a Value Added tax and other tax increases, locking in a higher government share of GDP.
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The European Commission has said it is studying a proposal to impose value added tax (VAT) on sales of music, software and other "virtual" goods over the internet.
Also, some Brazilian states (3 of 27) charge a lower VAT (Value Added Tax) on hydrous ethanol sold to Flex-Fuel cars compared to VAT imposed on gasoline at the pump.
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