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Right on. What does "regressive" mean in this context?
by stazz1 7y ago
Right on. What does "regressive" mean in this context?
- marcosdumay 7y agoPoor people pay a higher share of their income than rich people.
- stazz1 7y agoAh, yes that is 100% true and likely to be true of any VAT implementation that hits consumer goods. If a VAT could hit B2B transactions only, it could be possible to "tax the tech companies"
- marcosdumay 7y agoThe beauty of a VAT is that there is nobody determining the difference between consumers and business, it's just transactions all the way down, with later ones verifying the earlier ones. If you start adding rules, it will stop working.