Re:The public has a right to know how companies that pay no ...
by robertlagrant on Tuesday November 03, 2020 @07:32AM
(#24979023)
VAT is not tax on revenue. Only the end customer pays VAT.
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Re:The public has a right to know how companies that pay no ...
by jlokier on Tuesday November 03, 2020 @08:24AM
(#24979388)
Although true, that seems moot because all tax on business (whether VAT or not) is, one way or another, passed along to the end customer (or not passed on according to business pricing decisions).
No matter which company in the supply chain pays it!
With VAT, it's raised prices and shown on the receipt.
With other business taxes, it's raised prices and not shown on the receipt.
Customer pays either way.
Of course, competition and other factors also govern prices. It's not a given that changing business taxes always causes a business to change its prices by a related amount.
But that is the same for VAT and other business taxes too.
Re:The public has a right to know how companies that pay no ...
by robertlagrant on Tuesday November 03, 2020 @11:50AM
(#24981321)
There's no receipt if it's a bank, for example.