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That's not how VAT works. All three companies A, B, and C pay $10 each, because they have all added $100 value to the goods they have sold. Is that not how it w
by mnw21cam 8y ago
That's not how VAT works. All three companies A, B, and C pay $10 each, because they have all added $100 value to the goods they have sold. Is that not how it works everywhere?
- neffy 8y agoNo, the US is as OP said. Apropos... popular macro-economic theory is based more or less on the idea that the economic financial system is not sensitive to conditions like these. As you just showed, it's actually quite trivial to demonstrate that it is.
- deleted 8y ago[deleted]
- why_only_15 8y agoHe isn't proposing VAT - mcny was explicitly proposing a straight up tax on revenue.