[Bigun]

From a consumer's standpoint (that's what xcamel was talking about) a credit/invoice VAT is no different than a NRST.

Except that one, the credit/invoice VAT, is of necessity encumbered by government bureaucrats deciding just what "value" was added at every stage and how the "credits" will be distributed.

Sorry! No sale!

I'll take the NRST and particularly the FairTax over that any day!

[Your Nightmare]

Except that one, the credit/invoice VAT, is of necessity encumbered by government bureaucrats deciding just what "value" was added at every stage and how the "credits" will be distributed.

Huh? You really have no clue how a VAT works, do you?