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I think you agree with me? To clarify, rich people will spend more on the things subject to VAT than the rest of us. They will spend a lot more on entertainmen
by graemep 2y ago
I think you agree with me?
To clarify, rich people will spend more on the things subject to VAT than the rest of us. They will spend a lot more on entertainment, maintaining houses, cars and fuel, luxury consumables etc.
However, a much higher proportion of their spending will be able to escape VAT because they can evade VAT (and income tax) to a much grater extent.
- 9dev 2y agoYes, I think so too. I guess I just didn't get the tax evasion aspect in relation to VAT.