proven, and it works. Why are VATs so popular throughout the world? They’re easy to implement and difficult to dodge. Because each company is responsible for paying taxes on the value it adds to a product, each company has an incentive to prevent other companies from cheating the system. You could dial down the VAT on consumer staples, like food and diapers, to avoid hurting middle-class consumers, and dial it up on luxury goods, like yachts and artificial intelligence.
