Article

2004-03-07 Europe

Eurostanâs WTO Hi-jinks to Compel US Tax Rate Reductions?

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Posted by badanov 2004-03-07 2:30:47 PM|| || Front Page|| [2 views since 2007-05-07] Top

#1 I'm not sure why you posted this Badanov but its an interesting subject. While the USA leads the world in many areas, its taxation system is not one of them. In order to effectively compete in the global market you must have a valued added type tax system such that your imports and exports are treated the same as domestically produced goods and services (both yours and your customers). The rest of the world has figured this out. And while they are unpopular when introduced, people quickly accept because they are easy to understand and administer (assuming you don't have lots of exemtions). They are also very efficient as they are difficult to cheat on.

Posted by Phil B 2004-3-7 9:40:33 PM|| 2004-3-7 9:40:33 PM|| Front Page Top

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