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by jakewins 492 days ago
Sorry I don’t follow - how does VAT make US exporters pay more than domestic EU manufacturers? They are both subject to the same VAT, or?
2 comments

Because they are not able to deduct US state sales taxes on business inputs from the final VAT. While Europeans can deduct their local (VAT) taxes on business inputs.
I still don’t follow. If the VAT was completely removed, US businesses would still pay state sales taxes on inputs and EU manufacturers would not?

The two things seem unrelated?

It doesn't. It has never been. Trump is a liar and a crook and is bullshitting you.