VAT’s Superiority: Is the Emperor Dressed like Adam?

More than 160 countries in the world have some form of VAT. This success seems to confirm the general notion that VAT is the superior form of consumption tax, although in reality external factors have played and still play a significant role in the proliferation process. The authors explain that the VAT’s superiority as a consumption tax seems to have evolved into a dogma and as a premise it is hardly challenged. Therefore, the purpose of this article is to do exactly that.