Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by Sharlin on Thursday December 18, 2014 @10:26AM
(#8767643)
You can't compare VAT to income tax, they are very different beasts. And yes, although I can't speak for the GP, in Finland (and other Nordic countries) other taxes are high as well. Not that I'm necessarily complaining, although VAT as a concept certainly has its problems.
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Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by humanrebar on Thursday December 18, 2014 @01:03PM
(#8768655)
For the purposes of comparing the effects on the individual taxpayers, it seems fair to me. Structural differences aside, a 24% VAT sounds great if there are no other taxes and there is some deduction or subsidy to counteract its regressive effects.