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VAT is a sales tax, but at a higher rate than many US state's sales taxes, it is applied to both local and imported products.
A tariff is only applied to imported products, not locally produced products.
Vat or gst is charged in locally produced items as well, it’s basically a sales tax that is charged at every step not just the final sales the companies get to claim back the vat/gst they pay in purchasing ,
Spin it how you like, if it makes you feel better.
It is a tax on imported goods is what we are saying, in that way, just like a tariff.
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it doesnt worry me, im not the one getting a new 10-50% consumpton tax put on me, happy new tax day
It is a tax on imported and local products, just like a state sales tax.
It's funny they want lower income taxes, but are happy to pay more consumption tax.
Pit Row
Post a reply to: Third Term Trumper