Yglesias

VATs Around the World

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CREDIT:

Catherine Rampbell observes that the idea of a value-added tax (VAT) is hardly a distinctively “European” notion:

All your success story nations, whether of a free market or a social democratic type, have VATs because pretty much everyone has a VAT. I think there are superior policy options available to us, but this is clearly the one that diverse political and cultural systems tend to converge on.

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