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VATs operate at every stage of the supply chain. A sales tax is only applied at the point of consumption.
by twoodfin 4y ago
VATs operate at every stage of the supply chain. A sales tax is only applied at the point of consumption.
- bpye 4y agoThat's kind of my point though - it ends up being charged on the 'value add' at each stage, so the vertical integration doesn't matter. X % of the final cost should still be VAT.