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This is perhaps true of revenue tax. But for VAT You can deduct VAT of sales from VAT of purchases.
by kaveh_h 5y ago
This is perhaps true of revenue tax. But for VAT You can deduct VAT of sales from VAT of purchases.
- sokoloff 5y agoIndeed. Which is why VAT is a much better and more common structure of taxation than a tax on all revenue.