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The main purpose of VAT is to not fully apply a consumption tax multiple times through manufacturing and distraction
by bardak 2y ago
The main purpose of VAT is to not fully apply a consumption tax multiple times through manufacturing and distraction
- surfmike 2y agoExactly, and for American producers, sales tax does get applied multiple times and can’t be deducted from VAT
- alexanderchr 2y agoNot true, see for example https://comptroller.texas.gov/taxes/publications/94-124.php https://comptroller.texas.gov/taxes/publications/94-124.php