This is perhaps true of revenue tax. But for VAT You can deduct VAT of sales fro... | Hacker News

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		kaveh_h on June 5, 2021 \| parent \| context \| favorite \| on: G7: Rich nations back deal to tax multinationals This is perhaps true of revenue tax. But for VAT You can deduct VAT of sales from VAT of purchases.

sokoloff on June 5, 2021 [–]

Indeed. Which is why VAT is a much better and more common structure of taxation than a tax on all revenue.

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