VetOfTheSeas@discuss.online to Political Memes@lemmy.world · 2 months agoTotally reasonablediscuss.onlineimagemessage-square154linkfedilinkarrow-up11.37Karrow-down125
arrow-up11.34Karrow-down1imageTotally reasonablediscuss.onlineVetOfTheSeas@discuss.online to Political Memes@lemmy.world · 2 months agomessage-square154linkfedilink
minus-squarechilicheeselies@lemmy.worldlinkfedilinkarrow-up6·2 months agoThat’s not really true. Payroll taxes are still a thing, and they still need to pay sales tax when purchasing materials. It’s the accounting tomfoolery that lets then get away with not paying taxes on profits.
minus-squareBlackLaZoR@lemmy.worldlinkfedilinkarrow-up1arrow-down2·2 months ago sales tax when purchasing materials. AFAIK Sales tax is relatively small in US. In EU it’s a 20-25% VAT but B2B transactions are VAT free
That’s not really true. Payroll taxes are still a thing, and they still need to pay sales tax when purchasing materials. It’s the accounting tomfoolery that lets then get away with not paying taxes on profits.
AFAIK Sales tax is relatively small in US. In EU it’s a 20-25% VAT but B2B transactions are VAT free