Why a tax system that the U.S. hasn’t embraced has found favor in much of the world – VAT in the US a good idea?

You may not like paying taxes, but your burden will be even higher if others don’t pay their fair share. That, in a nutshell, goes a long way toward explaining why a value-added tax, or VAT, is used by just about every major country in the world except the United States.

Source: nytimes.com

---

---