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A comment on Visa, Mastercard $30B swipe fee settlement rejected by US judge. Parent comment

Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by admissionsguy on Wednesday June 26, 2024 @04:36AM (#40797728)
> So much for market forces in the land of the free!

Yeah, 25% VAT is much better than 3.5% fee that you mostly get back via cashback & free credit.

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Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by MagnumOpus on Wednesday June 26, 2024 @04:53AM (#40797847)
Sales taxes (which also exist in most of the U.S. btw) fund public service. Credit card fees go to fund the Visa CEO’s third Lambo.
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Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by dustypotato on Wednesday June 26, 2024 @07:35AM (#40798768)
You pay taxes in the US as well
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Re:Visa, Mastercard $30B swipe fee settlement rejected by US... by orwin on Wednesday June 26, 2024 @04:57AM (#40797873)
0% VAT on staple food, 5% on common commercial goods, 20% on services, and 40% on luxury products.

[edit] tbh the 0% on staple food isn't really allowed by the EU (it is ultimately a liberal institution) but it's tolerated.

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