Re:Three European Countries Block Tax on Tech Giants
by Rexxar on Tuesday November 06, 2018 @07:30PM
(#18396194)
The answer is that company is the tax collector, not the tax payer. IMHO it's mainly a semantic distinction, the result is practically the same.
Re:Three European Countries Block Tax on Tech Giants
by bsaul on Wednesday November 07, 2018 @03:53AM
(#18397898)
it’s absolutely not the same. If the VAT goes up 10%, your benefits after taxes won’t change one bit.
VAT is indeed not paid by corporations.
Re:Three European Countries Block Tax on Tech Giants
by Rexxar on Wednesday November 07, 2018 @02:19PM
(#18401470)
If price is already fixed in a contract it's not the same, indeed. For new client, it's basically equivalent as the price will adjust. (For example, higher TVA => client pay more => less demand => you have to reduce margin to keep some clients. In this case even if you don't technically pay the tax, you lose money if the tax become higher).
Sorry, but where does this misconception come from that companies don't pay VAT? It's not true, I see it on my company's tax statement every month ;-)