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Thank you for clearing that up - I was under the mistaken impression that most goods were subject to sales tax in the US, even in b2b transactions. I was not aw

Thank you for clearing that up - I was under the mistaken impression that most goods were subject to sales tax in the US, even in b2b transactions. I was not aware that most entities other than individual people were tax exempt. That makes the end result a lot more similar to VAT than I thought it was (though with a different way of getting there). Given all that, why would we use a VAT system rather than sales tax? So that the revenue is more evenly spread across the lifetime of a good or service?

COM9 3y ago
It's funny because I think both you and GP answered it? If the end result is almost the same, then... the reasons why one or the other is... Almost none really? Or to put it another way, for historical reasons? (I'm playing AC Unity right now... Set in Paris during the French Revolution... And you know what the contemporary city walls were used for? Tax collection purposes...) This kind of stuff should be settled in trade agreements IMHO... Which made me think about a future EU-US trade agreement... But guess what? Fucking Trump torpioed it. https://en.m.wikipedia.org/wiki/Transatlantic_Trade_and_Investment_Partnership https://en.m.wikipedia.org/wiki/Transatlantic_Trade_and_Inve...