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Comprehensive Tax Reform: Implementing Credit Invoice Value-Added Tax for Fairness and Efficiency

  • Currently, sales tax deductions should be credits instead
  • Reforms should include credit invoice value added taxes for automation
  • Small businesses benefit from VAT filing exemptions
  • Consumption taxes on consumer goods and services are needed in the US
  • Fair Tax’s use of retail sales tax may lead to fraud and potential loss

Source: fiscalequity.blogspot.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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