4 ms·
... when you nonsensically pretend that VAT is an import tax. "Once value-added taxes and sales taxes are included in an international comparison, America’s ta
by morsch 8y ago
... when you nonsensically pretend that VAT is an import tax.
"Once value-added taxes and sales taxes are included in an international comparison, America’s taxes on imports are much lower than those of almost every other country."[1]
The point still stands when not considering VAT, but the difference is far less pronounced. Though I am hesitant to trust the authors' research given the above.
[1] https://www.nytimes.com/interactive/2017/business/trade-china-protectionism.html https://www.nytimes.com/interactive/2017/business/trade-chin..., also https://tradediversion.net/2017/03/08/on-the-nyts-building-trade-walls/ https://tradediversion.net/2017/03/08/on-the-nyts-building-t...