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US collects tax through the entire process and at the point of sale to the consumer. EU refunds the entire VAT so on that point you are wrong. EU exporters have
by firesteelrain 2y ago
US collects tax through the entire process and at the point of sale to the consumer. EU refunds the entire VAT so on that point you are wrong. EU exporters have a tax as advantaged export. This is mostly because the US does not have a VAT system.