Comments on: Is the U.S. Destined for a Euro-style VAT Tax? http://cpatrendlines.com/2009/12/03/is-the-u-s-destined-for-a-euro-style-vat-tax/ Actionable Intelligence for the Tax, Accounting and Finance Community from Bay Street Group LLC Wed, 23 May 2012 22:03:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Geoff http://cpatrendlines.com/2009/12/03/is-the-u-s-destined-for-a-euro-style-vat-tax/comment-page-1/#comment-546533 Geoff Fri, 04 Dec 2009 15:07:16 +0000 http://cpatrendlines.com/?p=4967#comment-546533 I think sales tax reform in the US is long overdue. It just makes no sense to have different tax rates on a county by county basis. The administration, compliance costs, etc for both gov't and enterprise get out of hand. From a national level, I'll just offer up the Canadian example. Implementing a national sales tax is largely credited with balancing our budget back in the 90's and reducing out debt-GDP back into the territory of reasonable. It's like Buckley's cough medicine. It tastes awful, but it works. I think sales tax reform in the US is long overdue. It just makes no sense to have different tax rates on a county by county basis. The administration, compliance costs, etc for both gov’t and enterprise get out of hand.

From a national level, I’ll just offer up the Canadian example. Implementing a national sales tax is largely credited with balancing our budget back in the 90′s and reducing out debt-GDP back into the territory of reasonable.

It’s like Buckley’s cough medicine. It tastes awful, but it works.

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