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Le'ts imagine a government that decided to not collect any taxes,  instead some percentage of each transaction in the market (except for stocks trading and loans) will be collected as a VAT.   
What should be the parentage of such a VAT in order to keep the budget at the same level as before the suggestion? 
What could be the implication of such a system on the economy?

I didn't find the right solution from the Internet.

References  http://discussion-forum.2150183.n2.nabble.com/Global-VAT-Experiment...

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