← Back to context Comment by rapidaneurism 1 hour ago Aren't local profits taxed? 2 comments rapidaneurism Reply em-bee 19 minutes ago profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax. socksy 38 minutes ago Isn't that just VAT?
em-bee 19 minutes ago profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.
profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.
Isn't that just VAT?