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To: riverdawg
True, but the post-war Germany “miracle,” especially in the critical first ten years, was accomplished by embracing the free market principles of Ludwig Erhard, not the protectionist proposals of Pat Buchanan and Donald Trump.

Oh, is that a fact?

The standard VAT rate for importing items into Germany is 19%, with certain products, for example books, newspapers and magazines, attracting VAT at the reduced rate of 7%. VAT is calculated on the value of the goods, plus the international shipping costs and insurance, plus any import duty due.

Duty Calculator Germany

59 posted on 02/19/2016 9:40:30 AM PST by Will88
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To: Will88

I was specifically responding to an earlier post that dealt with the driving forces of Germany’s immediate post-WWII recovery.

But since you brought up the VAT, it is essentially a multi-level sales or excise tax - not a tariff. The VAT applies to all goods sold in Germany, regardless of where they are produced. The same is true for sales taxes in the U.S. If you buy a Japanese-built Lexus in Georgia, for example, you will pay the same state and local sales taxes as you would if you bought a U.S.-built vehicle. If we adopted a VAT, which many here on FR advocate, our VAT would undoubtedly apply to imported goods as well as domestically manufactured goods.


100 posted on 02/19/2016 1:02:58 PM PST by riverdawg
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