When out of EU bring VAT down to 9% in support of growth and rename as Sales Tax

In March the progressive Chinese government announced another drop in VAT from 16% to 13% as part of their on-going gradual reduction of VAT to get it back to a sensible level as a sales tax. In the USA sales tax, they don’t kid themselves calling it a “Value add” tax, is between 2.9% and 7.25%. Given all the taxes peoples pay one would think a fair, yet necessary sales tax is around 9% for us in the UK. Let’s look forward with vision and start working VAT down from the ridiculous 20% level in support of a forward-thinking growth mindset ….