St Louis Lending: VAT Could Cost Millions of Jobs

http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-lendin... St Louis Mortgage and Real Estate News – St Louis Finance News: NRF Says VAT Would Cost A Million Jobs | St Louis Home Mortgage and Commercial Loans | 314-334-0210 The National Retail Federation (NRF) said a study it commissioned estimates a European-style Value Added Tax (VAT) would result in the loss of 850,000 jobs in its first year, reduce the United States gross domestic product for three years, and cut retail spending by $2.5 billion over its first decade. Certainly not good news in an already dying economy as agreed by St Louis lending experts. The study, which was conducted by...