No VAT for FAT CATS!
They want VAT— then the income tax has to go.
Problem is with most nation’s you get a VAT and the income tax. Like Canada and Great Britain.
It won’t. In Iceland, where I have been several times, the tax is 24.5%, Thing is unless you are in a shop that is duty free where the forms are filled out you have no idea what the tax rate is. The sales sheet is for the item and the total not like we see with the sales tax added. And then when you claim your tax upon departure from the country you only get 15% back. Oh and if you have a receipt in which you would get 5000isk back you have to go though customs going out of the country. That would only be, today, less than 40 bucks usd.
Icelanders pay high taxes. And yes they have socialized medicine of which most are very proud. However the standard of living there compared to what he presently have is quite different..Americans would be shocked to find a washing machine in the bathroom of some of the nicest houses there..and many do not have a tumble dry ( dryer)...machines are small..it is a different life from what we are used to for sure. Makes one appreciate the US as it is or was until 0bmaunism.