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9 hours ago
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Cake day: July 5th, 2024
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37·18 hours agoSay it to Cubans.
I can hardly believe how stupid they actually are.
Fascists never change.
I can definitely see the issues sane, adult and usually well educated EU officials encountered when they were trying to explain VAT to a bunch of cretins Trump employed.
you just said things produced in-country are taxed less…
I said no such thing
But I don’t see where that has any implications for international trade
Because there aren’t any, it is only the perception.
If the final amount of vat is £20 for something which costs £100, for goods manufactured in the UK, these £20 have been collected “on the way” with the final retailer taking £20 from the end seller but paying let’s say £15 to the wholesaler so only paying the taxman £5 (and wholesaler another £5 and manufacturer another £10 etc).
If however something has been imported by the retailer and the final vat is £20, the retailer will pay the entire £20 to the taxman. It is still the same £20 and makes no difference at all. But perception of Trump’s halfwits may be different.
Like a dog and his owner.
Google is your friend 🙄
https://en.m.wikipedia.org/wiki/Value-added_tax
Simply speaking it is the tax which cost of, could be claimed back on a every stage of the process, so only the difference between the purchasing/manufacturing price and selling price really attracts the tax.
If you buy something for a tenner and £2 vat (total £12) and sell for £15 and £3 vat (total £18) you are only liable for £1 tax, being the difference between the vat you charged and the vat you paid.
This, 100%. Some sane analysis of US idiocy.
If I was China I would simply respond by saying any increase in tarrifs by the USA will be met with identical increase by China.
You are not exaggerating. If this idiot increases tarrifs even more, most of the shipping will stop.
Someone might.
Musk goes first. Where is my tiny violin?
Russian puppet didn’t put tarrifs on his puppet masters? What a surprise!
Cunts. Bunch of fucking fascist cunts.
