Economics, Econometrics and Finance
4 years ago

Switching to Value-Added Tax Could Revolutionize National Revenue Collection

2 views
Public Budgeting &amp Finance
Changing the Federal Tax Philosophy: A National Value‐Added Tax or Retail Sales Tax?
John L. Mikesell

Paper Summary

The article compares two types of taxes, value-added tax and retail sales tax, for the federal government. The researchers found that the value-added tax is better for national revenue due to its advantages in fiscal criteria, despite the retail sales tax requiring fewer businesses to collect the tax.

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