[ttoinou]

Not like GST : it would be on all transactions in the legal currency, including B2B. There wouldn't be an artificial difference between "businesses" and "customers"

Not like VAT : VAT is way more complex and expenses are deducted at each step

[IanCal]

So cheaper for large integrated companies? Sounds like it'd really hurt competitors starting up.

[tonyedgecombe]

It would kill any business with a long supply chain, the only manufacturers left would be the ones where ore arrives at one end of the factory and finished goods come out of the other end.

[ttoinou]

It would be cheaper for everyone because of tax simplifications. Current system is already unfair to a lot of group of people, including small businesses. And large company also have money transfers so I am not sure to understand the example unless we go into the specifics a little bit more