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In reply to the discussion: The Obama administration’s illusionary job gains from the Trans-Pacific Partnership [View all]pampango
(24,692 posts)19. Here's the wiki for the Value Added Tax.
http://en.wikipedia.org/wiki/Value-added_tax
To me it means that a car that costs $20,000 to make in Germany, when it is sold to a German consumer with a 20% VAT the buyer will pay $24,000 for the car. If the US or Japan exports a similar $20,000 car to Germany, trading rules allow a 20% VAT on it so that a German consumer pays $24,000 for a $20,000 car whether it is made in Germany or elsewhere.
To fix this problem, nearly all countries that use VAT use special rules for imported and exported goods:
All imported goods are charged VAT tax for their full price when they are sold for the first time
All exported goods are exempted from any VAT payments
For these reasons VAT on imports and VAT rebates on exports form a common practice approved by the World Trade Organization.
All imported goods are charged VAT tax for their full price when they are sold for the first time
All exported goods are exempted from any VAT payments
For these reasons VAT on imports and VAT rebates on exports form a common practice approved by the World Trade Organization.
To me it means that a car that costs $20,000 to make in Germany, when it is sold to a German consumer with a 20% VAT the buyer will pay $24,000 for the car. If the US or Japan exports a similar $20,000 car to Germany, trading rules allow a 20% VAT on it so that a German consumer pays $24,000 for a $20,000 car whether it is made in Germany or elsewhere.
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The Obama administration’s illusionary job gains from the Trans-Pacific Partnership [View all]
ND-Dem
Jan 2015
OP
Perhaps we the people will get the trifecta of being fucked over by Democratic Presidents
ChosenUnWisely
Jan 2015
#8
If you look around the progressive world, there is plenty of evidence that it does work.
pampango
Jan 2015
#12
Progressive countries prove that trade at much higher levels than we have does not destroy jobs,
pampango
Jan 2015
#16
it works to shift taxation away from the rich onto the poorer and away from capital onto labor
ND-Dem
Jan 2015
#22
Germany, Sweden and other countries who care about their citizens don't have Republicans.
Vinca
Jan 2015
#20
no, they have fascists. and they don't care about their citizens anymore than here.
ND-Dem
Jan 2015
#21
If you're willing to concede to republicans issues like progressive taxes, effective safety nets,
pampango
Jan 2015
#23
If the poor are your primary concern I would not concede regressive taxes, weak unions,
pampango
Feb 2015
#28
So explain to me how this trade agreement, which will end up outsourcing American jobs, is good.
Vinca
Feb 2015
#29