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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?

Kazumara@discuss.tchncs.de ⁨10⁩ ⁨hours⁩ ago

being a registered business they purchase for prices without VAT

That’s not true, sorry. A business pays stuff with VAT included too, but they can later claim back the VAT they paid against the VAT they raised from selling stuff, so they don’t have to hand all of that over.

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Bruncvik@lemmy.world ⁨9⁩ ⁨hours⁩ ago
I’m personally not sure how it works. But when we were upgrading our bathroom, the tile shop added the VAT to the quoted sale price. I then asked a friend of mine who is VAT-registeted to buy it for us, and he got it from the same warehouse for the non-VAT price.

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