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As far as I understand VAT's role in the economy, the Value Added Tax is offset to the last link of a value-adding chain: the consumer. This creates the incent
by 1gn1t10n 7y ago
As far as I understand VAT's role in the economy, the Value Added Tax is offset to the last link of a value-adding chain: the consumer.
This creates the incentive of further adding value to a product/service and thus creating more economic output.
Amazon may be paying other taxes, but VAT is paid by the consumer.
- ApolloFortyNine 7y agoIt's a sales tax. In the EU it's fitted into the price the consumer sees. From every sale Amazon makes 20% of that is going to the government. You could easily argue every tax on Amazon is a tax on the consumer. If you increase the cost of Amazon doing business, prices go up.
- zmk_ 7y agoJust because the seller is responsible for transferring the tax revenue to the tax office does not mean that the seller is the one paying it.