The Digital VAT (D-VAT)

The most sustained U.S. tax policy debate of the past 30 years concerns proposals to replace and/ or supplement the Federal Income Tax with a consumption tax.[2] Public finance economists and legal tax policy scholars challenged[3] and defended[4] the current income tax system on grounds of fairness,[5] efficiency, [6] and simplicity.[7] This debate over revamping the national taxing scheme has not been argued purely in the academic forum. Concrete legislative…