4 ms·
VAT works approximately like that (except for the fact that salaries are not deductible)
by occamrazor 7y ago
VAT works approximately like that (except for the fact that salaries are not deductible)
- mcv 7y agoThat's pretty much my inspiration for this. Except I've been wondering if VAT wouldn't be fairer if salaries and other local costs would be deductible.
- aembleton 7y agoIt does work approximately like this, but this way it would be taxing the value added from imports and profits. Value added by paying someone for labour wouldn't be included as the government will get money for that through income tax.