Value Added Taxes are both tariffs and subsidies
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Pat Choate's recent book, "Saving Capitalism," includes a chapter documenting how foreign value added taxes are harming our trade balance. He includes substantial data in an appendix showing the tariff and subsidy impact of foreign VAT's on U.S. trade. The Washington law firm of Stewart & Stewart compiled the data for Mr. Choate's book.
This is the summary bar chart.
This rich data is now available for you below the fold, in spreadsheet form. |
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