Re:Foxconn replaces '60,000 factory workers with robots'
by tonyedgecombe on Thursday May 26, 2016 @02:59AM
(#11776126)
I'm sure I read there is an upper bound to VAT, after which increases in fraud loose more than the tax increase.
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Re:Foxconn replaces '60,000 factory workers with robots'
by scotty79 on Thursday May 26, 2016 @04:53AM
(#11776558)
Not sure. Most harmful VAT fraud is caused by specific schemes relying on faking costs. Those don't depend on rates.
Other way to avoid paying VAT would be to hide the sale altogether which might be hard for company that makes and sells tons of stuff made by robots.