At What Price?

Forbes, Steve
May 2009
Forbes Asia;5/11/2009, Vol. 5 Issue 8, p12
The article presents author's comments on U.S. President Barack Obama's proposal to simplify the tax code which will include a value-added tax (VAT). He says that politicians are in favor of VAT because it is levied on every transaction phase, on both products as well as services, and consumers are not able to see it. He criticizes the administration for trying to generate revenue through VAT to socialize health care system which it is forcing on the country.


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