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Tag Archives: value-added tax

Support the VAT…if You Oppose Entitlement Reform and Want More spending and More Debt

Support the VAT…if You Oppose Entitlement Reform and Want More spending and More Debt

I’m a supporter of a single-rate tax regime, especially if there’s no double taxation of income that is saved and invested. That’s why I like the flat tax. But I’ve expressed concern about the… Read more »

Another Misguided Plan to Burden America with a Value-Added Tax

Another Misguided Plan to Burden America with a Value-Added Tax

It’s no secret that I dislike the value-added tax. But this isn’t because of its design. The VAT, after all, would be (presumably) a single-rate, consumption-based system, just like the… Read more »

Wise Words on Fiscal Sovereignty and Corporate Taxation (sort of) from Bill Clinton

Wise Words on Fiscal Sovereignty and Corporate Taxation (sort of) from Bill Clinton

I’ve always had a soft spot in my heart for Bill Clinton. In part, that’s because economic freedom increased and the burden of government spending was reduced during his time… Read more »

Cheered on by the OECD, Japan Announces Higher VAT Rate to Enable Bigger Government

Cheered on by the OECD, Japan Announces Higher VAT Rate to Enable Bigger Government

If you have any long-term Japanese investments, sell them soon. In part, that’s because the Japanese Prime Minister announced another Keynesian spending binge earlier this year – even though several… Read more »

Huge Value-Added Tax Increases in Europe Show Why Washington Politicians Should Never Be Given a New Source of Tax Revenue

Huge Value-Added Tax Increases in Europe Show Why Washington Politicians Should Never Be Given a New Source of Tax Revenue

The most important, powerful, and relevant argument against the value-added tax in the short run is that we can balance the budget in just five years by capping spending so… Read more »

The Great TCI Anti-VAT Mutiny of 2013

The Great TCI Anti-VAT Mutiny of 2013

The value-added tax is a pernicious levy. It’s basically a hidden form of national sales tax, imposed every time a transaction occurs at any stage of the production process. But… Read more »

The 100th Anniversary of the Income Tax…and the Lesson We Should Learn from that Mistake

The 100th Anniversary of the Income Tax…and the Lesson We Should Learn from that Mistake

What’s the worst thing about Delaware? No, not Joe Biden. He’s just a harmless clown and the butt of some good jokes. Instead, the so-called First State is actually the… Read more »

In the OECD’s Fantasy World, Higher VAT Taxes “Foster Growth and Employment”

In the OECD’s Fantasy World, Higher VAT Taxes “Foster Growth and Employment”

Regular readers know I’m not a fan of the Organization for Economic Cooperation and Development. Heck, just take a look at some of the examples in this post and you’ll… Read more »

New International Monetary Fund Study Inadvertently Provides Very Strong Evidence against the Value-Added Tax

New International Monetary Fund Study Inadvertently Provides Very Strong Evidence against the Value-Added Tax

I’m not a big fan of the International Monetary Fund, largely because the folks in charge oftentimes advocate toxic policies such as bailouts, higher taxes, and currency devaluation. But there… Read more »

Just as Happened in Europe, the VAT Is Becoming a Money Machine for Big Govenrment in Japan

Just as Happened in Europe, the VAT Is Becoming a Money Machine for Big Govenrment in Japan

For years, I’ve been warning that a value-added tax (VAT) would be a terrible idea. Simply stated, politicians would have no reason to control spending or reform entitlements if they… Read more »