3 ms·
I agree about revenue tax - it's problematic. My issues with VAT are: 1)It's very easy to go around - VAT cheating in EU is rampant, for example in my country
by bluecalm 10y ago
I agree about revenue tax - it's problematic.
My issues with VAT are:
1)It's very easy to go around - VAT cheating in EU is rampant, for example in my country it's estimated to be about 10% of total yearly budget (not only VAT, total)
2)It's impossible to collect from businesses operating abroad which don't ship physical goods. There is no way EU is going to go after a guy in Thailand for selling software unless he becomes a big fish. Until then he is unfairly competing with all EU developers who pay-up ~20% on every license sold to EU countries.
The idea of consumption tax appeals to me in general (if land/real estate taxes aren't enough) but it would need to be somehow collected from the buyer (for example for using a currency) and that's not going to happen.