Quote:
Originally Posted by CybrSage
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.
|
This is simply incorrect. VAT is charged at each step of production including the final sale.
Charging VAT on US goods overseas is equivalent to collecting State Sales Tax on foreign goods sold in the US. In both cases the taxing authority collects on the final sales and the consumer pays the tax.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
|