Unemployed Man

[richardhutnik]

Ok, looks like I was a bit off on how VAT worked in regards to how taxes are assessed (system works it out to be only once, not multiple times).  BUT, it still ends up causing prices to go up, as I said.  Here is an article on VAT:

http://www.thefiscaltimes.com/Issues/Budget-Impact/2010/10/22/Republicans-Rip-into-One-of-Their-Own-Over-VAT-Tax.aspx