Many EU countries have a “VAT” and like feel like this is kinda targeting poor people. Like, for the rich, this is insignificant, for poorer people, a (example) 20% tax would be a huge burden. Why do they do this?
🤔
Many EU countries have a “VAT” and like feel like this is kinda targeting poor people. Like, for the rich, this is insignificant, for poorer people, a (example) 20% tax would be a huge burden. Why do they do this?
🤔
Just to make sure you know: Basically everyone has a VAT, except the US. It’s not some special EU thing.
We have it in Switzerland, Canada has it, Japan has it, China has it, India has it, Russia has it, Brazil has it, Indonesia has it, Australia has it, Ukraine has it, Mexico has it, South Africa has it… I’m stopping here, but every country I googled had it so far.
Doesn’t the US also have local taxes that are effectively the same as a VAT
We have taxes imposed by: -federal government -state government -county and city governments