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em-bee an hour ago

tariffs wouldn't capture anything locally produced.

Scoundreller 7 minutes ago | parent | next [-]

Which is great!

Give the local producers of any size a bit of subsidy instead a dog’s breakfast of programs to accomplish the same with a ton of friction.

Probably wouldn’t work well in China, but here in Canada…

rapidaneurism 43 minutes ago | parent | prev [-]

Aren't local profits taxed?

em-bee 6 minutes ago | parent | next [-]

profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.

socksy 26 minutes ago | parent | prev [-]

Isn't that just VAT?