By this article’s definition of a VAT tax our current federal corporate tax system is a VAT tax (at 35%). Cruz’s corporate tax plan (https://www.tedcruz.org/tax_plan/) is a 16% tax on revenues minus expenses (once), not a every stage of manufacturing like a VAT tax.
VAT tax definition:
http://www.investinganswers.com/financial-dictionary/tax-center/value-added-tax-vat-2335
http://www.dictionary.com/browse/value-added-tax
http://www.businessdictionary.com/definition/value-added-tax-VAT.html
https://en.wikipedia.org/wiki/Value-added_tax
http://www.investopedia.com/terms/v/valueaddedtax.asp
BTW: It appears that Trump’s corporate tax plan is the same as Cruz’s only at 15%. https://www.donaldjtrump.com/positions/tax-reform
GOPe hit piece from back when Jeb was still running.
My point, it totally obsolves corporations of having to pay taxes on their profits