Comment

Comment by nabla9

It's one of those core innovations like double-entry bookkeeping making things more fair.

VAT provides an incentive for businesses to register and keep invoices, because they automatically pay more for tax they can't show invoice.

I just found out that many people in the US have opinions against it when Trump/Vance did bring out VAT into the discussion, so I felt I had to confirm my assumption that VAT is nearly universal. In some ways the US attitude is like UK was in the 1900s when it comes to infrastructure of governance "old things work just fine."

parent nabla9 1 year ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton