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Because they are not able to deduct US state sales taxes on business inputs from the final VAT. While Europeans can deduct their local (VAT) taxes on business i
by surfmike 2y ago
Because they are not able to deduct US state sales taxes on business inputs from the final VAT. While Europeans can deduct their local (VAT) taxes on business inputs.
- jakewins 2y agoI still don’t follow. If the VAT was completely removed, US businesses would still pay state sales taxes on inputs and EU manufacturers would not? The two things seem unrelated?