Linked by Thom Holwerda on Sun 5th Mar 2006 21:32 UTC
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Member since:
2005-08-12
@ asupcb
The VAT taxes don't operate exactly like a sales tax because the product is taxed every step of the way in the manufacturing process which means that they may be including VAT for the processor, case, powersupply, hdd, dvd drive, etc. in the cost of the product.
Errr, companies usually get a refund for all their paid value-added taxes at the end of the fiscal year. So, it's only consumers who really pay the VAT, thus it is a sales tax.