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retired benefits major hike
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<blockquote data-quote="bacha29" data-source="post: 5670251" data-attributes="member: 58386"><p>It still comes down to the cost of assessment , collection and enforcement. More importantly what do you do if the VAT fails to fully replace the revenues that would be lost through the elimination of the named revenue streams? Raise the VAT to 30% ,35%.?</p><p></p><p>The VAT is simply a theory. While the think tanks believe that in theory it will work I doubt that they have fully addressed the question of how much money and manpower will be required to fully ensure compliance of a system that may prove itself to be one that can be easily cheated especially when it involves person to person cash sales.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5670251, member: 58386"] It still comes down to the cost of assessment , collection and enforcement. More importantly what do you do if the VAT fails to fully replace the revenues that would be lost through the elimination of the named revenue streams? Raise the VAT to 30% ,35%.? The VAT is simply a theory. While the think tanks believe that in theory it will work I doubt that they have fully addressed the question of how much money and manpower will be required to fully ensure compliance of a system that may prove itself to be one that can be easily cheated especially when it involves person to person cash sales. [/QUOTE]
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