4 ms·
Bottom line is US businesses cannot discount or deduct state and local sales taxes on purchases made from their suppliers in the same way that VAT operates. Cor
by firesteelrain 2y ago
Bottom line is US businesses cannot discount or deduct state and local sales taxes on purchases made from their suppliers in the same way that VAT operates. Correct that sales tax is not paid on export.
- alexanderchr 2y agoBut US companies can get sales tax exemptions, no? And these exemptions serve the same purpose as VAT refunds.
- firesteelrain 2y agoNo
- alexanderchr 2y agoYes, for example https://comptroller.texas.gov/taxes/publications/94-124.php https://comptroller.texas.gov/taxes/publications/94-124.php