It’s a sales tax AND a VAT
Good Lord, the ‘sales tax is a VAT’ meme didn’t work, so now the corporate tax is a VAT. In the sense that it is a hidden tax, embedded in each product we buy, and passed on by each company, the corporate income tax has always been a VAT, since corporations don’t pay taxes. At most, this is a difference in what expenses are tax deductible. Most likely, it’s a matter of fleshing out the details. Bruce Bartlett hates the idea of a national sales tax. No surprise he would be critical.
The sign of insanity is repeating the same thing over and over expecting a different result.
It is NOT A VAT