Value Added Tax (VAT) Fundamentals, How VAT Principles Work in Practice, and Prospects for a VAT Regime in the U.S.

Value Added Tax (VAT) Fundamentals, How VAT Principles Work in Practice, and Prospects for a VAT Regime in the U.S.

On this edition, Bob Goulder discusses the essential elements of Value Added Taxation (VAT), and why the introduction of a VAT is being considered by Congress. Mr. Goulder examines how VAT principles are applied in the vast majority of industrialized countries, and the potential impact of a VAT on American taxpayers and the U.S. economy. Copyright© 2010 LexisNexis, a division of Reed Elsevier Inc. Visit http://www.lexisnexis.com/community/taxlaw.