To: nuffsenuff
I don't even know what a "Value Add Tax" is to be honest.A national sales tax without the receipt or an income tax without the forms.
15 posted on
08/02/2004 6:07:38 AM PDT by
lewislynn
(Why do the same people who think "free trade" is the answer also want less foreign oil dependence?)
To: lewislynn
Not quite. VAT is a tax added at each stage of the production/sales cycle. As such, it is a cumulative tax, and far more onerous than a simple national sales tax or any version of a ''fair''/flat tax.
40 posted on
08/02/2004 6:32:22 AM PDT by
SAJ
(Buy 1 NGH05 7.50 call, Sell 3 NGH05 11.00 calls against, for $600-800 net credit OB. Stone lock.)
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