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Politics : Formerly About Advanced Micro Devices

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To: michael97123 who wrote (379120)	4/19/2008 7:01:12 AM
From: Taro	Read Replies (1) of 1578065

Check this: en.wikipedia.org Sweden no longer leads the list, Denmark does after Sweden introduced some tax cuts effective Jan 2008. Note that the Scandinavian countries as well as the large ones on the continent have VATs between 19-25% combined with income and - in France and Germany - corporate taxes way too high. As you see the US total taxation of GDP is low. That doesn't mean the economy would not do a lot better if structured differently. As you suggest a VAT may be helpful, even though is first introduced this tends to creep up for ever. I personally believe the US Estate Taxations should be revised and that could be financed from a VAT. Taro

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