His main economic initiative aims to simplify an incredibly cumbersome system of state-based sales taxes, laying the groundwork for a national value-added tax.

他主要的经济雄心是简化无比繁琐的以国家为基础的销售税，为建立全国范围内的增值税体系打下基础。

youdao

In the turnover tax system what's the relationship between the business tax the value-added tax and the consumption tax?

您刚才谈到了流转税，在流转税体系中，营业税与增值税、消费税是怎样的一种关系？

youdao

In the turnover tax system, what's the relationship between the Business tax, the Value-added tax and the Consumption tax?

您刚才谈到了流转税，在流转税体系中，营业税与增值税、消费税是怎样的一种关系？

youdao

So it was a dilemma for us: to reconstruct the old tax system, or to combine price liberalisation with a new value-added tax.

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The American tax system actually is more progressive than that of many European nations which rely on the Value Added Tax.

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This plan would replace the current system of taxes with a 9% individual flat tax, a 9% value added tax on corporations, and a 9% sales tax.

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