Quote Originally Posted by Hazir View Post
That's utter nonsense, VAT is less disruptive than any other tax. For most businesses it stays outside of cash flow alltogether. Only at the final point of sale that is different, and that also happens to be the point where the consumer actually provides the VAT due.
This should probably be a separate thread, but how does it stay out of cashflow? You're thinking about the net impact on revenues (excluding compliance costs), not the cashflow impact from VAT recovery and payments.

OR

Taxing every turn
Makes each turn more expensive
Despite the loopholes