US Treasury's Eizenstat Says Globalisation Demands Global Tax Standards

tax       2000-07-27 
In a speech to the Coalition of Service Industries and Tax Council in Washington July 26, US Deputy Treasury Secretary Stuart Eizenstat said the value added tax (VAT) proposed by the European Union (EU) on products delivered over the Internet poses numerous threats to trade, and that global taxation standards are needed to keep pace with the increased flow of international trade.