Re:“I’m in the US – what if I just ignore the EU VAT changes?”
by chris_va on Thursday December 18, 2014 @02:11PM
(#8769050)
"VAT is and has always been a tax for the buyer, not the seller"
Does this distinction actually mean anything material?
Buyers start with all of the money, and it ends up split between the seller and the government. From the buyer's perspective, it doesn't really doesn't matter if this is an income tax on the seller, or a VAT tax on the transaction.
Does this distinction actually mean anything material?
Buyers start with all of the money, and it ends up split between the seller and the government. From the buyer's perspective, it doesn't really doesn't matter if this is an income tax on the seller, or a VAT tax on the transaction.