Can a Value-Added Tax Put Our Debt in Order?
With the 2016 election of a Republican-controlled White House and Congress, and an existing House blueprint for tax reform that includes a version of a consumption-based approach for taxing business income, it appears likely that some version of a value-added tax (VAT) will become part of the debate. But is the country ready for a serious debate about an overhaul of our tax system?
Pennsylvania CPA Journal
November 28, 2016