A Value-Added Tax Contrasted with a National Sales Tax

[摘要] Proposals to replace all or part of the income tax, proposals for national health care, and a proposal to finance America’s war effort have sparked congressional interest in the possibility of a broad-based consumption tax as a new source of revenue. Avalue-added tax(VAT) or a national sales tax (NST) have been frequently discussed as possible new tax sources. Both the VAT and the NST are taxes on the consumption of goods and services and are conceptually similar. Yet, these taxes also have significant differences. This issue briefdiscusses some of the potential policy implications associated with these differences.

[发布日期] 2003-10-09 [发布机构] Library of Congress. Congressional Research Service.

[关键词] Taxation;Sales tax;Value-added tax