Value added tax, (VAT)

Discussion in 'Economy' started by Supposn, Sep 29, 2012.

  1. Supposn
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    Supposn Senior Member

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    “Value Added Tax”, (i.e. VAT) is a particular and superior method of administrating a sales tax.

    Unlike prior (conventional) sales tax methods, VAT never taxes any prior levied taxes carried forward from prior sales transactions. Within a chain of sales links, the tax levied upon the purchaser within any transaction link is government’s total revenue realized up to that particular point within the chain of transactions.

    Unlike other sales tax methods, enterprises reduce their amounts of VAT collected by the VATs they’ve paid, and only pass the difference on to the government. There is little advantage or reason for intermediate purchasers to request the seller not record a sales transaction.
    ///////////////////////////////////////////
    VAT’s particularly suitable for global trade.
    Governments waive taxes upon their exports, but they can only do so to the extent that they’re able to identify specific amounts of taxes levied upon the products within each of their export shipments.

    VAT levied within the export sales’ transaction are the entire VAT (from all prior and the export link within the chain of sales transactions that can be identified and attributed to a shipment of exported goods.
    The prices of exports from VAT nations are reduced by the greatest amounts.

    In the case of a non-VAT nation, only sales taxes from the export transaction itself can be identified. The prices of exports are reduced by lesser amounts.

    Other than sales taxes of any kind, there are few if any other taxes that can e identified and be attributed to the products within an export shipment.

    [Excerpted from
    “ http://www.brookings.edu/papers/2010/0722_vat_gale.aspx “.

    (Brookings Institute is widely regarded as a conservative think tank).

    The key distinction is that VATs are collected at each stage of production, whereas retail sales taxes are collected only at point of final sale. As a result, the VAT is easier to enforce and is widely regarded as having a superior administrative structure to a retail sales tax”.

    Respectfully, Supposn
     
  2. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    No way.... you can take that shit right back to Europe.



    :eusa_hand:
     
  3. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    If you say so.

     
  4. Supposn
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    Supposn Senior Member

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  5. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Cut spending.... stop looking for more ways to support their spending habit, and demand cuts!

    No NEW taxes!!! Its Bullshit... leave us alone, and cut spending damn it! :mad:

     
  6. California Girl
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    California Girl BANNED

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    In the UK, they introduced a VAT which was sold as a tax to replace income tax... people bought that shit... guess what? They pay both now. I wouldn't trust a government to do the right thing... regardless of their party. The more we give them, the more out of control they become. Stop it. Now.
     
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  7. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    I was just in ireland and England on vacation recently. They both have the VAT tax. The deal was you paid the VAT tax when you made your purchase and when you left the country, you could stop by a desk at the airport and be refunded the VAT you had paid because you were a tourist. Well, it didn't work out well in either Ireland and England. Out of all of the VAT we paid, we only got back about 10% of those taxes after filing all the paperwork and going through their procedures. It's a scam. I agree with the above posters. NO NEW TAXES OF ANY KIND. Washington needs to reduce all the damned spending they are doing and also lower the current taxes. I agree with the term "BULLSHIT".
     
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  8. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Like hooking up a junkie to an endless supply. This would hammer the people who could afford it least.
     
  9. xsited1
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    xsited1 Agent P

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    Change 'conservative' to 'liberal' and you'd be correct. They may have been considered conservative when they questioned FDRs policies during the great depression saying they were making matters worse, but those days are long gone.

    BTW, imposing a VAT tax would complete the transformation of the US into a European-style slow-growth nation. A better idea is for you to move to Europe.
     
  10. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    another of your idiotic liberal ideas

    1) conservative won't support it because it is just another revenue stream for big government anti-American liberals

    2) liberals won't support it because our class warfare communist president as trained his followers to want to tax the rich class only.
     

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