Ted Cruz’s Business Flat Tax is a VAT – Forbes

Ted Cruz's Business Flat Tax is a VAT – Forbes
ForbesTed Cruz's Business Flat Tax is a VATForbesRubio is right. Cruz's business flat tax is a subtraction-method VAT. Businesses play a flat 16-percent tax rate on the difference between sales price and the cost of inputs purchased from other businesses—i.e., value-added. If all businesses are …and more »
Ted Cruz's Business Flat Tax is a VAT – Forbes