Is it a VAT or a national sales tax? There is a difference you know. Let’s use the correct terminology. A lot of people have been calling for a National Sales tax which is not necessarily a VAT. So which is it?
At the risk of getting flamed, I would say that a VAT is usually a less bad form of taxation than income taxes. We have the GST (Goods and Services Tax) here in Canada & to the extent that it *displaces* an equivalent amount of income tax, rather than *adds to* the income taxes, it is a slight improvement. OTOH, if it is used as a tax grab — you don't want it.
“Is it a VAT or a national sales tax? There is a difference you know. Lets use the correct terminology. A lot of people have been calling for a National Sales tax which is not necessarily a VAT. So which is it?”
Simple answer:
It’s a TAX, no matter what you call it.
Money out of YOUR pockets, into theirs.
And what may you expect in return?
VAT. Brucie hates the National Retail Sales Tax.