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Comment on Isn't EU's "VAT" a regressive tax? Why do they have that, instead of something like, taxing the rich?

Taewyth@jlai.lu ⁨2⁩ ⁨days⁩ ago

Depends on what is being paid, the VAT model being used, the country etc.

For instance in France the base tva is 20%, but food and hygiene products have a special status which reduces it to 5.5%

I forgot the exact details buI if I recall correctly in Germany they have two models A and B depending on the product, forgot the percentage though. And then if you’re buying something for work the percentage can change again.

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MothmanDelorian@lemmy.world ⁨2⁩ ⁨days⁩ ago
Regardless how you frame a VAT it will always be regressive. That doesn’t mean they are bad. It just means it shouldnt be the primary source of revenue.

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