Research Report Entrepreneurship and Small Business Under a Value-Added Tax
William G. Gale, Hilary Gelfond, Aaron Krupkin
Display Date
Download Report
(457.93 KB)

The possibility of introducing a value-added tax (VAT) in the United States has been discussed on a sporadic basis for several decades. This paper examines issues related to small business and entrepreneurship under a VAT. Section II discusses the basic mechanics of a VAT, including the important distinction between goods or businesses that are zero-rated compared with those that are exempt.
Research Areas Taxes and budgets
Tags Taxes and business Community and economic development Small businesses
Policy Centers Urban-Brookings Tax Policy Center