Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Posted by taxguru on October 30, 2002

Europeans Don’t Know Better

Some people have the impression that the Europeans are more sophisticated and knowledgeable than we poor slobs in the States are, such as in matters of taxation. A Value Added Tax (VAT) may sound appealing as a replacement for the corporate income tax; but it needs to be evaluated a little closer first. I’m not so sure about following the lead of the Europeans. If they’re so smart, why do they pay over four dollars a gallon for gasoline?

KMK

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