Word: vat
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...VAT of about 20 percent would produce the same amount of revenue, with many benefits, not the least of which is its simplicity...
...income tax code, thousands of pages long, is in dire need of simplification. We could dramatically improve our tax system by implementing a value added tax (VAT) to replace the personal income, corporate income, and payroll taxes...
...consumers, the VAT tax would be easily computable, since it is much like a retail sales tax; with a 20 percent VAT, a good or service which costs $100 would be taxed $20. There would be no deductions, exemptions, or credits to worry about. Thousands of pages of tax codes and regulations could be done away with...
...VAT would not present extra difficulties for companies, since under a VAT (such as the type currently use in Japan), businesses would not be burdened with complex tax calculations. They would not have to make any significant changes to incorporate the VAT, since their own accounting records supply all the necessary information to calculate the tax. Instead, they would reap tremendous gains from throwing away the current complicated tax-calculation apparatus...
Exact plans for Disney's America are in a state of evolution. At first they included a water adventure with Lewis and Clark through pristine America, a factory town with a high-speed ride around a vat of molten steel, a county fair with a 60-ft.-high Ferris wheel, a Civil War fort and simulated skirmishes, old trains, a working farm and a Victory field where kids could parachute from a plane and operate tanks. These concepts are being reworked, but Disney is secretive on just...