Wednesday, August 24, 2011

For Each $1 Of A Vat Tax, The Private Economy Would Lose $2

From The Wall Street Journal, "A Value-Added Tax Fuels Big Government: In Europe the VAT hasn't substituted for income taxation. It's merely added to the tax burden" by Ernest S Christian And Gary A Robbins:
We estimate that each additional $1 trillion of revenue to the government from a VAT would cost the private economy at least $2 trillion, composed of $1 trillion of taxes and $1 trillion of lost GDP.
Read the complete opinion piece here.

Ernest Christian is director of the Center for Strategic Tax Reform. Gary Robbins is the center's chief economist.

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