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Great! So we can put a 20% tax on goods without causing serious economic harm, just like the UK does. Then we can exempt domestic goods because why not.
by ltbarcly3 2y ago
Great! So we can put a 20% tax on goods without causing serious economic harm, just like the UK does. Then we can exempt domestic goods because why not.
- fransje26 2y ago> Then we can exempt domestic goods because why not That's clearly not how VAT works. The VAT rate is the same for locally produced goods as for imported goods of the same category.
- ltbarcly3 2y agoGreat, so we will have VAT+, which is a VAT where we don't have the same rate for domestically produced goods. I think you are missing the point of what I said.
- PaulRobinson 2y agoDomestic goods have never been exempted, and the current law would make that illegal in the UK and the EU. I personally think VAT should be scrapped and replaced with higher capital gains and inheritance taxes, but at least I'm going to stick to the reality of why VAT is problematic, not just make dumb stuff up.