The Allure of Value-Added Taxes: Examining the Pros and Cons

Authors

Murray L. Weidenbaum, Washington University in St Louis
Ernest S. Christian Jr

Files

Publication Date

2-1-1989

Series Information

Formal Publication 89

Publisher

Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130

Description

Compared to most other developed Western nations, the United States relies far less heavily on consumption-based taxes. In practice, much of the impact of shifting to a higher consumption tax would depend on how the tax is structured. The two major policy alternatives are an expenditures tax levied on total purchases within an accounting period or a value-added tax collected on each purchase.

Keywords

Tax Policy, Consumption, Savings, Reform, Expenditure Tax, Value-added Tax

Disciplines

Economics | Public Policy

Comments

The Center for the Study of American Business (CSAB), 1975-2001, is the predecessor of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. Permanent URL: http://dx.doi/org/10.7936/K73R0R19

DOI

doi:10.7936/K73R0R19

Recommended Citation

Weidenbaum, Murray L. and Christian, Ernest S. Jr, "The Allure of Value-Added Taxes: Examining the Pros and Cons", Formal Publication 89, 1989, doi:10.7936/K73R0R19.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/66.