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  Grand Rapids Business Journal

 

Implementation of VAT would represent huge tax change

 

A couple months ago, I commented that the U.S. is the only major industrialized nation without a value-added tax or national sales tax on goods and services. Well, earlier this month, House of Representatives Speaker Nancy Pelosi commented on “The Charlie Rose Show” that a VAT may be part of a larger reform of the Internal Revenue Code.

 

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