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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1004 |
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Some like the VAT because it offers a new way to finance bigger government. Others like the VAT because compared to the income tax; it does not impose as much damage on the economy. Some want to use the revenues from a VAT to facilitate tax reform and Social Security reform. There are even some people who believe that a VAT will somehow reduce the trade deficit...
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Some want to use the revenues from a VAT to facilitate tax reform and Social Security reform. There are even some people who believe that a VAT will somehow reduce the trade deficit. However, many people dislike the VAT, often for some of the reasons listed above. Supporters of limited government oppose the tax because it makes it easier for politicians to expand the size of government...
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