The examples of nontariff "cheating" cited by Navarro included Chinese products routed through Vietnam, intellectual property theft and a value-added tax.
Probably because we don’t really ever hear it explained
I consider myself pretty well read and I think I know what it means, but I’m making some assumptions. Could you explain it, and why it’s a good solution here?
Why is VAT so hard to understand for otherwise literate Americans?
Probably because we don’t really ever hear it explained
I consider myself pretty well read and I think I know what it means, but I’m making some assumptions. Could you explain it, and why it’s a good solution here?
You sell something for 20€, you put on VAT to that and that’s the total price paid by the buyer.