alt Hacker NewsVAT is like a sales-tax but along the supply chain (with credits) - so it's like a complicated sales-tax.
If you want to use that for argument, you should include US sales taxes in the calculation too. Which could be fair, I guess.
VAT is like a sales-tax but along the supply chain (with credits) - so it's like a complicated sales-tax.
If you want to use that for argument, you should include US sales taxes in the calculation too. Which could be fair, I guess.
European VAT is significantly higher than any US sales tax, reaching as high as 25% or more. Also, foreign manufacturers do not get any VAT credits.
Also, every person in the US can import goods to a value of $800 per day without having to pay any duties. In Europe you have much less generous rules, and sometimes the limit is €0.