(0% VAT) - Exchanging store of value, loans, banking [investment]
(5% VAT) - Activities that we would like to promote (honey production, grow lights, food dehydration, dioxin thermal decomposition, restaurant week)
(15% VAT) - Activities in commerce [default]
🗣️ (
pplx projects): Please follow this outline in the assessment of implementing VAT (value-added tax) in California as its sole source of revenue at the state level. E.g. coverage of current budget with 10% bounds on deficit of surplus.
https://app.box.com/s/bxll2mg2315v663at0nikkdcesuaa2lq
phi3: latest)Please help me develop an outline to study the implementation of VAT (value-added tax) in the state of California. The proposed rates are 0-5-15%. The scenario is that this is the only source of revenue at the state level.
Background Information