[mcv]

Many products already have a VAT tax of 20%, and that doesn't seem to stop them. True, bananas would probably get more expensive, but again, countries could mitigate this through trade deals with countries they believe have a fair tax system.

But it's true, local products would have a significant fiscal advantage over products from other countries, especially products with complicated supply chains across many different countries, some of which countries are tax havens that the target country doesn't consider having a fair tax system.

The change would probably be a shock to many companies, but it'd also make it impossible for companies to shift their profits to tax havens.