2 ms·
> Care to explain in more datil since what you just said makes no sense. no, you just don't understand VAT business also pay VAT on everything they buy, but t
by blibble 1y ago
> Care to explain in more datil since what you just said makes no sense.
no, you just don't understand VAT
business also pay VAT on everything they buy, but they are permitted to claim it back on qualifying expenses
so, you:
- classify spend on services from targeted US companies/subsidiaries as non-qualifying
- increase the VAT rate on their services
and this requires no new no new tax collection or infrastructure mechanism
the result: a very effective, targeted, and unavoidable slow death of US hyperscalers in the EU market