[jopsen]

I'm skeptical of the side-effects...

Because of how VAT works we have a lot of companies in the EU that lives by essentially reselling stuff. These chains can be long.

If you apply revenue taxing to low profit margin businesses with high turn-over and long supply chains we'll see some negative results.

It's a decent way to hit tech giants, because a substantial part of the revenue is profit. But the unintended victims might be numerous on this one.