A number of economists (here, here) have tried to deny that America has a VAT (Value-Added Tax) problem that's harming our trade balance. It seems Crazy Billionaire has said we do, and he's not allowed to be right about anything. Unfortunately, their denials, while sometimes narrowly true per their exact phrasing, are slippery evasions that turn on wording. Right now, when goods are produced in a country that has a VAT, that VAT is rebated on export.

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BING NEWS:
  • Government proposes extending VAT cut until year end
    The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production ...
    05/2/2024 - 6:52 pm | View Link
  • Bitfarms Provides April 2024 Production and Operations Update
    April mining operations generated 269 BTC compared to 286 BTC in March. This reflects the effect of the BTC Halving that occurred on April 19, 2024, a 5.9% increase in network difficulty compared to ...
    05/1/2024 - 2:01 am | View Link
  • Lost tax revenue may trigger authorities to re-visit their de minimis threshold
    The rising number of ecommerce imports could lead to governments reforming de minimis thresholds, as some companies attempt to fly under the tax radar.
    05/1/2024 - 1:02 am | View Link
  • The U.S. is cracking down on PFAS — but not in fertilizer
    The EPA “will focus enforcement on parties who significantly contributed to the release of PFAS chemicals into the environment, including parties that have manufactured PFAS or used PFAS in the ...
    04/29/2024 - 10:15 pm | View Link
  • German Inflation Creeps up to 2.4% in April
    German consumer prices, harmonised to compare with other European Union countries, rose 2.4% in April, compared with 2.3% year-on-year in March.
    04/29/2024 - 1:10 am | View Link
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