Re:Can the EU become another AI superpower?
by petre on Saturday September 22, 2018 @03:49PM
(#18047667)
Amazon Alexa? Wait, the AI there is meant for vendor lock in. Roomba vacuum cleaners? Spotify? As a business you stll have to buy stuff to recover VAT and sell your product 20% inflated.
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Re:Can the EU become another AI superpower?
by cuban-frisbee on Saturday September 22, 2018 @07:12PM
(#18048491)
On of the most succesful EU businesses (spotify) does not seem to support the assertion that VAT is a undue burden. Also I don't know if spotify uses their own tech or if they are uses stuff from another vendor.
Do also remember that all your competitors are bound by the same rules, so from a purely economical standpoint prices in a given country with VAT will just appear x% higher accross the board, and then the real question is more of disposable income.
To be perfectly honest I am no expert in VAT, but I do know that a country like Denmark with 25 % VAT is also ranked in the top 5 countries to do business in.
Also don't know what you mean by "As a business you stll have to buy stuff to recover VAT" but oh well maybe you can clarify.
Re:Can the EU become another AI superpower?
by jstanley on Saturday September 22, 2018 @07:33PM
(#18048562)
> prices in a given country with VAT will just appear x% higher across the board, and then the real question is more of disposable income.
In other words, "if you can't make at least a 20% profit on the value you add, you're not allowed to make a profit at all". This stifles innovation at the margin.