VAT and GST rates within ASEAN vary widely between member states – from 12 percent in the Philippines to countries which do not currently levy these taxes at all, such as Laos and Myanmar. For those considering investment, GST, VAT, and other taxation tied to the purchase of specific goods...
A benevolent government should always implement the policy preferred by the median voter both in election years and in non-election years. However, business cycles will happen because all governments are neither benevolent nor competent and, in order to be re-elected, want to signal themselves as...