Many EU countries have a “VAT” and like feel like this is kinda targeting poor people. Like, for the rich, this is insignificant, for poorer people, a (example) 20% tax would be a huge burden. Why do they do this?

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  • @[email protected]
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    2 months ago

    Stocks and property are taxed in the UK, just not with VAT: we have capital gains tax, dividend tax, and stamp duty.