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A comment on G7: Rich nations back deal to tax multinationals. Parent comment

Re:G7: Rich nations back deal to tax multinationals by kaveh_h on Saturday June 05, 2021 @11:38AM (#27405917)
This is perhaps true of revenue tax. But for VAT You can deduct VAT of sales from VAT of purchases.
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Re:G7: Rich nations back deal to tax multinationals by sokoloff on Saturday June 05, 2021 @06:55PM (#27409104)
Indeed. Which is why VAT is a much better and more common structure of taxation than a tax on all revenue.
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