3 ms·

The EU has VAT (value added tax) which is added to each purchase. At the end of the year, there is nothing to report and nothing to pay. It doesn't get much s

• koliber 3y ago
  The original post is about income tax. While VAT is a tax, it is not an income tax.
  • jqpabc123 3y ago
    The post I responded to asked: Are there any countries with good, reasonable tax systems? VAT is a reasonable alternative to income taxes but neither the question nor my response ever specified "income".
    • ska 3y ago
      Most places a VAT is not instead of income tax but instead of sales tax. Do you know of anywhere with VAT but no income tax?
    • xav0989 3y ago
      Many places, Canada included, have both a VAT-like sales tax and an income tax.
• Fidelix 3y ago
  Not even remotely correct. Each country in the EU has different income tax systems and other types of tax. VAT is just one aspect that generally doesn't cover even half of the tax burden. OP is talking about the overall tax system.
• aftbit 3y ago
  The EU doesn't have income tax? I think that's false.
  • jqpabc123 3y ago
    Neither the question nor my response ever specified "income".
    • aftbit 3y ago
      >At the end of the year, there is nothing to report and nothing to pay. That is what I was reacting to. You still need to file taxes in the EU right? I know they have streamlined it a lot in most countries, but there is indeed something to report, no?