tariffs wouldn't capture anything locally produced.
Which is great!
Give the local producers of any size a bit of subsidy instead a dog’s breakfast of programs to accomplish the same with a ton of friction.
Probably wouldn’t work well in China, but here in Canada…
Aren't local profits taxed?
profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.
Isn't that just VAT?
Which is great!
Give the local producers of any size a bit of subsidy instead a dog’s breakfast of programs to accomplish the same with a ton of friction.
Probably wouldn’t work well in China, but here in Canada…
Aren't local profits taxed?
profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.
Isn't that just VAT?