The Digital VAT (D-VAT). (value added tax)

From: Virginia Tax Review | Date: January 1, 2006| Author: Ainsworth, Richard Thompson | Copyright information

I. INTRODUCTION

The most sustained U.S. tax policy debate of the past thirty years concerns proposals to replace and/or supplement the federal income tax with a consumption tax. (1) Public finance economists and legal tax policy scholars challenged (2) and defended (3) the current income tax system on grounds of fairness, (4) efficiency, (5) and simplicity. (6)

This debate over revamping the national taxing scheme has not been argued purely in the academic for...

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