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In contrast to VAT in the US, the equivalent taxes in Europe are only applied to actual profits. Hence, you can directly compare 550$ (price+VAT) to 470€. The d
by Derbasti 16y ago
In contrast to VAT in the US, the equivalent taxes in Europe are only applied to actual profits. Hence, you can directly compare 550$ (price+VAT) to 470€. The difference will be reduced by a fixed percentage (19% in Germany, 7% in Austria), but it will still be a profit.