Recently, I opened my refrigerator in Palm Coast, Fla., and discovered that my brother had left behind a carton of organic eggs. A package insert told a story about one of the egg farmer’s favorite goats, whose death left the farm’s other goats sad. The story had a dateline of Massachusetts, but the carton had a Texas license number, and …
Current Commentary: A VAT Made In America BY Larry M. Elkin
Scarsdale, NY, August 5, 2010 – The United Kingdom has one. Canada has one. So do Australia, France, Germany, Japan, Russia and Spain. But the United States does not. The value-added tax, or VAT, is a kind of national sales tax that has become a key source of government revenue in developed nations around the world. While many Americans have never heard of the tax, …