VAT

(Newser) - China has a new plan to coax citizens into having more babies : tax birth control. Starting Jan. 1, Beijing will slap a 13% value-added tax on condoms and other contraceptives, ending a three-decade exemption as part of a broader overhaul of its VAT system, which supplies nearly 40% of national...

(Newser) - European-style taxes will follow European-style health care entitlement as surely as night follows day, warns Charles Krauthammer. ObamaCare, when you remove the "budgetary gimmicks," will add trillions to the national debt, leaving the president's deficit reduction committee with no option but to call for the introduction of value-added...

(Newser) - A federal sales tax has long been seen as politically off-limits, but the massive deficit has some in Washington pushing for it. “It's common to the rest of the world, and we don't have it,” a tax analyst tells the Washington Post. In dire times, “fundamental tax...