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Hello from Scandinavia. No Revolutions in sight, government takes 70% (taking both tax and vat into account)
by mollerhoj 5y ago
Hello from Scandinavia. No Revolutions in sight, government takes 70% (taking both tax and vat into account)
- macilacilove 5y agoyou can not take both income tax and VAT into account, because VAT is payed by the retailer really. That would count VAT twice.
- 0xfaded 5y agoThe retailer gets to claim any VAT they pay back from the government. Individuals do pay 60-70% tax (if you include payroll), but it's better to look at the overall taxation rate which is ~50% of GDP.