A new article by KPMG’s Global Indirect Tax Services, published by Bloomberg BNA in June 2016, explores whether the US will implement a value-added tax.
This article considers the factors that contributed to radical changes in tax policy during the past century. It takes a brief look at perceived weaknesses of the current tax model in the United States and considers lessons learn from global trends in taxation. Finally, it identifies eight factors suggesting that the environment exists for radical tax law changes to occur in the United States in the present century. Greater reliance on consumption taxes may one day become a part of that anticipated change.