PRESENTATION BY THE COFEK TO THE PARLIAMENTARY COMMITTEE ON FINANCE, TRADE AND PLANNING HELD ON TUESDAY, JULY 16, 2013 AT CONTINENTAL HOUSE, NAIROBI
Mencken (1880–1956), one of America's great wits, would chuckle. Almost every pro-VAT argument is exaggerated, misleading, incomplete, or wrong. The VAT is being merchandised as an almost painless way to avoid deep spending cuts. The implicit, though often unstated, message is that a VAT could raise so much money that it could eliminate future deficits by itself. This reasoning, if embraced, would result in staggering tax burdens and exempt us from a debate that we desperately need.
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