The VAT is directly passed on to the consumer in the form of higher prices. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		ckinnan on Oct 26, 2008 \| parent \| context \| favorite \| on: FedEx's CEO on McCain, free trade and the tax bias... The VAT is directly passed on to the consumer in the form of higher prices.

angstrom on Oct 26, 2008 [–]

In much the same way tax incidence passes corporate tax on to employees and customers.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact