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VATs Around the World

By Matthew Yglesias on November 22, 2010 at 10:28 am

"VATs Around the World"


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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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