Re:Supply Chain Shortages Continue Around the World. Get Use...
by tobias3 on Friday September 03, 2021 @04:19AM
(#28401670)
There is no difference in outcome. VAT is paid on every stage on inputs by companies BUT they claim it back and if the input comes from a different country they don't pay VAT in the first place. The only one not being able to claim it back is the consume, like a sales tax.
It makes detecting fraud easier since you can see a companies input vs output vs profit.
[ Parent
| on HN ]
There are no comments on this comment yet.