I was reading a Financial Times piece about how a number of European countries are putting “crisis taxes” into effect. (countries include Greece,Spain,Ireland and Portugal)
The Obama Administration has a policy of never letting a crisis go to waste..sssooo I’m feeling a little unsettled. It is worth noting that under corporate taxation some of the EuroZone folks actually have a lower rate than we do. It is also very much worth noting that the countries involved upping their VAT’s. Although I tentatively support a US VAT I cannot abide by one that climbs up into the 20% range.