"Are Current Economic Conditions Trending Toward a Value Added Tax in the U.S.?"
Discover how the global recession can potentially change the future of U.S. transaction taxes.
Has the time come for VAT in the U.S? It is unclear, but one thing IS clear. In health care and tax reform, the conditions have never been more appropriate to consider emulating the successful experience of VAT seen in so many other nations. This article discusses:
Reasons liberals and conservatives have traditionally opposed the idea
How federal budget deficits are driving the conversation around VAT
How VAT might impact tax distribution in the U.S.
Read this thought provoking article from Thomson Reuters tax analyst and VAT specialist, Diogo Denczuk, titled, "Is the U.S. Finally Ready for Value Added Tax?" to learn why VAT may soon happen in the U.S.