Finance Xpress: Will the U.S. Adopt the Value-Added Tax (VAT)? Roadblocks, Pros & Cons

Many Americans do not understand how an American VAT might affect them, or its possible economic consequences on GDP and the national debt. Congress is currently exploring tax reform in order to spur economic growth and protect American businesses. Their proposal includes a controversial Border Adjustment Tax that some claim is a VAT in disguise. What…