What value does the consumer add? NONE So why does he pay a tax on something he did not create?!
If I remember it correctly, at each step in the production pipeline the producer is taxed when he buys stuff and when his product is sold to the next one in the pipeline that tax is reimbursed. Add it all up and the end consumer is the only one paying the VAT tax. Looked at it this way, it’s a sales tax.
The EU Value Added Tax is an indirect tax collected at each stage along the supply chain. It is charged on the value added to goods and services at each stage of production and distribution.
Taxable persons (i.e. a VAT-registered business) deduct the VAT paid to other taxable persons from the VAT they collected. This ensures that the tax is neutral for businesses that make onward taxable supplies, regardless of how many transactions are involved.
As such, VAT is a tax on consumption that is ultimately borne by the final consumer and is charged, at the appropriate rate, on the sales price of the goods or services.
It’s a complicated, convoluted, bureaucrat heavy sales tax!!!
There are two kinds of immigrants, economically challenged and politically challenged immigrants. The latter tend to become highly productive, the former not so much.
When my father died I came into possession of documents from 1939 from their trip from Europe to Venezuela via Moscow, the Trans Siberian railway, Vladivostok, Yokohama, Panama Canal, ending in Caracas. One of the documents was a collection of recipes of the product they planned to make. My uncle did so in his Viennese Pastry startup. My father, who had worked in a distillery in Berlin experimented with liqueurs but gave up instead running hotels and restaurants. One group brings “technology transfer” the other not so much.
Brain drain. Oppressors loose brains. Safe havens gain brains.
I’m sure it is…and no doubt you’ve read, digested and formed your own opinions on said info. I have no reason to doubt the raw data…whatever that may be…but rather the headlines purporting to use it and touted in a publication noted for its low standards and Tory leanings (and the Mail is no better!).
Japan had been demand side econ but worked around a longer period of supply side economics by not laying people off. Culturally they could or would not lay people off.
Central Europe and China had demand side economics and are now losing that economic reality. Supply side economics is slower growth. There is less use of financial power to project industrial strength.
The US, UK, Japan, and Mexico are speeding into demand side economics. Right after this current US detour into the moronic.
Demographic is not the issue. But Ph.Ds need new meat.
Big mistake. All that does is hurt native-born workers trying to get those higher paying jobs. This is happening today in computer science and engineering. It discourages investments and policies designed to increase domestic training for those jobs. Cheaper to hire one of the 100 million Indian or Chinese software engineers in the world than to encourage software education in America. Big mistake.
We should be favoring immigrant who are willing to work those millions of jobs native-born Americans refuse to do. It keeps food and restaurant prices low while saving thousands of refugees from the cartel violence resulting from America’s moral weakness in buying illegal drugs. We Americans keep those drug cartels alive. Perhaps we owe something to the victims of those cartels, the ones running from their homes to our southern border.
That system has worked for a couple centuries making America the dominant economic and cultural power, while establishing it globally as the Land of Opportunity.
Irrelevant. South Korea and Taiwan are also facing declining economic growth. Different cultures and economic systems all showing evidence of long term decline, all sharing the common characteristic of a declining workforce relative to the elderly. There are no exceptions that I can think of.
Actually the VAT is simpler and more easily enforced than a sales tax. Also note that most of the industrial world has a VAT and most have less wealth inequality, a more progressive overall tax system, and higher tax revenue/GDP than the US.
For the same reason that ultimately tariffs are charged to the consumer. Charge someone in the production or fulfillment chain and he is going to add the price of that charge to the next person up the chain … ultimately passing it to the consumer, whatever the basis for assessing the charge in the first place.
Don’t forget that Congress was all set to do something quite substantial until a certain Presidential candidate decided he wanted things to continue messed up so that he could campaign on them.
Yes, and Mr Trump has immigration reform high on his list. We wish him much success.
The immigration law he stopped would have closed the border at 5000 immigrants per day. Many thought that figure too high. The bill did provide more manpower and more judges.
Taxable persons (i.e. a VAT-registered business) deduct the VAT paid to other taxable persons from the VAT they collected.
As such, VAT is a tax on consumption that is ultimately borne by the final consumer and is charged, at the appropriate rate, on the sales price of the goods or services.
That is misleading to the point of being dishonest. The 5,000 limit refers to encounters, not immigrants allowed into the country.
Homeland security can close the border if too many show up with asylum claims. Under the bill, DHS can close the border if it reaches a 7-day average of 4,000 encounters. It must close the border at 5,000 encounters. It also must close the borders at 8,500 in a single day.
What do corporations buy that does not go into Cost of Goods Sold or General Expenses? Why do people in grocery stores give their Fiscal number if not to deduct household expenses?
Population is aging, regulations and taxes is high and no innovation. Everyone wants to retire at 60 and enjoy social benefits from the government and collectively getting poorer.
