Does Rand Support a VAT Tax?

[Krugminator2]

This is not true. Hong Kong does not have VAT.

Okay? You are right. Singapore and Switzerland were more than enough to make my point along with the other examples. But apparently Hong Kong doesn't have a VAT.

 

[TommyJeff]

harder to evade ---> smaller IRS --> lower government spending

VAT may be preferred to an income tax. But do you favor a VAT over a flat sale tax?

 

[r3volution 3.0]

VAT may be preferred to an income tax. But do you favor a VAT over a flat sale tax?

Yes, because it's harder to evade, as mentioned earlier.

 

[misterx]

They are if the end user wants to reduce government spending.

The end user would have no reason to want to reduce government spending because from his point of view it is not costing him anything. Yes, people are that stupid. That's why I don't like taxes that people can't see.

 

[navy-vet]

The end user would have no reason to want to reduce government spending because from his point of view it is not costing him anything. Yes, people are that stupid. That's why I don't like taxes that people can't see.

That's an interesting point that I haven't heard before.

 

[Zippyjuan]

Yes, because it's harder to evade, as mentioned earlier.

Vat is hidden in the price of goods. Sales tax is added on to it. They both have the same net effect to the consumer but one is more noticable.

 

[r3volution 3.0]

Vat is hidden in the price of goods. Sales tax is added on to it. They both have the same net effect to the consumer but one is more noticable.

See post #44.