Archive for May, 2014|Monthly archive page

Letter to Mayor Reed on Proposal for “The Atlanta Book Festival” in 2014

In Open Letter on May 25, 2014 at 11:06 PM

May 25, 2014

Mayor Kasim Reed
City of Atlanta
Office of Communications
55 Trinity Avenue, Suite 2500
Atlanta, GA 30303
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Modern Times: An Inquiry on “VAT” Internationally and in Caribbean Islands

In Economy on May 20, 2014 at 12:46 AM

Internationally, largely the preferred tax revenue arrangement today in developed and developing nations has been the value-added tax (or “VAT”) arrangement. Large nations and small nations, large firms and small firms, producers and consumers of all wealth varieties, therefore, have already adopted or, at least, considered adopting such an approach to funding “the price of civilization.” More than 160 countries worldwide have enacted a VAT, according to Michael Graetz, law professor at Columbia University. Despite its prevalence, however, VAT is very rarely referred to, much less rigorously discussed, in places like the United States or The Bahamas, until recently at least. Read the rest of this entry »