VetOfTheSeas@discuss.online to Political Memes@lemmy.world · 3 days agoTotally reasonablediscuss.onlineimagemessage-square149linkfedilinkarrow-up11.34K
arrow-up11.34KimageTotally reasonablediscuss.onlineVetOfTheSeas@discuss.online to Political Memes@lemmy.world · 3 days agomessage-square149linkfedilink
minus-squarechilicheeselies@lemmy.worldlinkfedilinkarrow-up6·1 day agoThat’s not really true. Payroll taxes are still a thing, and they still need to pay sales tax when purchasing materials. It’s the accounting tomfoolery that lets then get away with not paying taxes on profits.
minus-squareBlackLaZoR@lemmy.worldlinkfedilinkarrow-up1·1 day ago sales tax when purchasing materials. AFAIK Sales tax is relatively small in US. In EU it’s a 20-25% VAT but B2B transactions are VAT free
That’s not really true. Payroll taxes are still a thing, and they still need to pay sales tax when purchasing materials. It’s the accounting tomfoolery that lets then get away with not paying taxes on profits.
AFAIK Sales tax is relatively small in US. In EU it’s a 20-25% VAT but B2B transactions are VAT free