2 ms·
A VAT is specifically designed to try and distort the market less (by taxing the value added at each step). With a tariff the whole point in the distortion, the
by bee_rider 1y ago
A VAT is specifically designed to try and distort the market less (by taxing the value added at each step). With a tariff the whole point in the distortion, the goal is to make the imported goods less competitive.