Click here to view the full article as an Adobe Acrobat PDF. The VAT is an old idea in tax policy that, despite periodic consideration, has not been adopted in the United States.[1] The absence of a ...
In a recent letter, Timothy Roscoe Carter correctly notes that a universal basic income (UBI) financed by increasing progressive income tax rates would not subsidize the wealthy. Unfortunately, Carter ...
New Delhi, Nov. 23 : New Delhi, Nov. 23: Twelve states have unanimously agreed to introduce value-added tax (VAT) with two basic rates of 4 and 12 per cent from April 1. A flat 20 per cent value-added ...
Amid increasing prices and people’s decreasing purchasing power, the Value Added Tax on basic food products has been reduced from 8 to 1 percent. Economists warn that this reduction may not affect the ...
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