RCD economist: Value-added tax stimulates economic growth

04/12/2010 | Reed/ACP Construction Data

A value-added tax, administered like an income tax, can help boost a region's economy. Michigan provides an example of how the VAT works: By providing more stable state tax receipts, exempting capital expenditures from taxation and levying all businesses at the same tax rate, the state was able to stimulate growth, according to Reed Construction Data Chief Economist Jim Haughey.

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