The prospect of VAT in the U.S. | Value Added Tax Blog.
Reuven Avi-Jonah (Irwin I. Cohn Professor of Law, the University of Michigan) writes about the great consumption vs. income tax debate from a historical perspective.
The focus here is not on which tax base is better, but rather on how this debate evolved over time inside and outside legal academia. As we shall see, there was one point in which the consumption tax came close to being adopted – in 2005, when it was one of two alternatives recommended by the Bush tax reform panel. But the moment passed, and it seems unlikely to return.
Download his paper here
(oddly the paper is marked as a draft)
Hat-tip to Peter Devlin.
And a couple of years ago I co-authored a book on US VAT – feel free to download from the link below.