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So, bearing in mind that the European Commission is not going to entertain a recommendation to eliminate VAT in favor of a more progressive tax, what sort of a VAT regime do we want to recommend?

Besides, naturally, being less susceptible to carousel fraud. Which would mean levying VAT on international transactions, and also international VAT offsetting and reimbursements in some form or another?

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Fri Dec 17th, 2010 at 03:21:13 PM EST

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