> The only kind of business that is seriously affected by VAT is highly price-sensitive B2C, and technology startups usually aren’t that. Even there I'm not su

> The only kind of business that is seriously affected by VAT is highly price-sensitive B2C, and technology startups usually aren’t that. Even there I'm not sure it matters, unlike corporate tax it's a local tax, so it's still an even playing field and it will have the same impact to everyone in the market.