Quote:
Originally Posted by Bill14564
- By "trumped up taxes" do you mean the current criticism of VAT? If products manufactured in their country are charged a VAT when sold then how is it a "trumped up tax" if products imported to their country are charged the same tax? Should a country only tax only homegrown products and not imports? Does it feel like a "trumped up tax" when Florida charges sales tax on imported products?
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VAT is not charged on things made locally, it is charged on things not made locally.
VAT, in the EU is not charged on things made in the EU, it is on things made in the US and other non-EU countries.
A 20% VAT is simply a 20% tariffs that the consumer pays directly.