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So having suppliers instead of being vertically integrated gets taxed repeatedly. This is the whole reason the VAT taxes value added, not the whole transaction

So having suppliers instead of being vertically integrated gets taxed repeatedly. This is the whole reason the VAT taxes value added, not the whole transaction. I have to wonder whether you’ve even looked at existing tax systems, or spent any time sketching out what the consequences of yours might be.

lixtra 5y ago
> So having suppliers instead of being vertically integrated gets taxed repeatedly. Yes. But maybe having a long chain of suppliers is worth a tax penalty. The vertically integrated company has a stronger incentive to stay solvent. I’m thinking particularly about construction businesses here.