Known as the Goods and Services Tax (GST), it would replace a tangle of state levies with a single, national one.
Senator Philip Ozouf said taking the Goods and Services Tax (GST) off healthy food was the wrong way to promote healthy lifestyles.
Raising the goods and services tax (GST) in Jersey from 3% to 5% has caused people to spend less money, Jersey's Chamber of Commerce has said.
The 3% Goods and Services Tax was introduced in May because the government will be receiving less tax from the finance industry.
Parera commended Mukherjee for sticking to the deadline of introducing a uniform goods and services tax by April 2010 and abolishing certain direct taxes--the fringe benefit tax, the commodities trading tax and the 10% surcharge on income tax.
This levy would repeal nearly all federal taxes (including the income tax and the payroll tax) and replace them with a single-rate national sales tax on the purchase of all goods and services.
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Tax time will never be pleasant, but making form preparation easier, understanding better how government spending buys useful goods and services, and re-examining the tax expenditures in our tax code at least can mitigate our tax pain.
Costa Rica's government has sent bills to congress that would tax money earned abroad, levy the sales tax on services as well as goods, and introduce a single form for income tax.
The White House even fought to the bitter end for a cap-and-trade bill that the House passed and would have imposed higher costs for electric power, transportation, manufacturing and most goods and services as this tax flowed down the energy chain.
One particular attraction is that businesses supposedly pay the money and thus will roll the costs into the prices they charge for their goods and services, a sort of energy version of the value-added tax.
In January, Rob Woodall (R-GA) introduced a bill in Congress to repeal income, employment and estate and gift taxes and instead impose a 23 percent sales tax on the use or consumption of all goods, properties and services.
These include a goods-and-services tax and the sale of the government's remaining two-thirds share of Telstra, the country's main telecoms company.
Sales taxes, too, are important because they further reduce living standards by raising the price of goods and services that can be purchased with after-tax income.
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Worse, he bungled urgent reforms, notably over opening foreign investment in the retailing industry, and failing to push through a goods and services tax and to cut costly subsidies.
To replace the loss of revenues, Huckabee advocates a consumption tax on goods and services that includes a monthly "prebate, " designed to offset taxes on necessities.
That means that you must include in gross income on your federal income tax return the fair market value of goods and services received in exchange for goods or services you provide.
Society therefore advances economically when it reduces tax and regulatory barriers to the creation of goods and services.
Formal proposals for a goods and services tax are expected to be put to the States in the next few weeks.
BBC: NEWS | Europe | Jersey | ?1m cost of implementing new tax
The previous Labour government temporarily cut VAT - a tax on most goods and services - from 17.5% to 15% in December 2008 in an attempt to boost consumer spending.
They know darn well that the problem is insufficient demand for the goods and services they sell and thus no degree of reducing their costs (Quantitative Easing, tax cuts, deregulation, etc.) is going to induce them to expand operations.
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That puts DSL providers at a particular disadvantage, a Sprint (nyse: FON - news - people ) executive testified, because state and local telecom taxes are so high--an average of 13.9% of bills across the U.S., compared to an average 6% sales tax on other goods and services.
The dispute centers on a new value-added tax that China is in the process of imposing on a wide range of goods and services.
The biggest, an effort to prune the country's dreadful thicket of indirect taxes into a tidier form, an all-India Goods and Services Tax, has been pushed back by a year, to April 2012.
Some goods and services now subject to a reduced value-added tax rate will have to bear the full 16% rate.
The lack of economic debate may have been a relief to Mr Howard after his government's unpopular introduction of a "goods and services tax" (GST), similar to VAT was blamed for dampening the economy earlier this year.
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