clearly visible, like VAT

And then the offsetting liability for me,

This is a liability for me, right?

And it has no VAT.

He's a liability.

She's a liability.

For the liability side of my balance sheet

This is a liability.

Well, assets minus liability.

So that's a liability.

VAT is the tax of the future.

Why is it a liability?

Accounts Payable is a liability

That'd be my liability, right?

That could be a liability.

So I have zero liability.

Conscience is a liability,ellen.

The VAT in Germany is 19 per cent.

VAT can be found on every receipt and is transparent for everyone to see.

Your liability would be the loan.

So now I have this liability.

I have 1,000 gold pieces liability.

And why is it a liability?

So it's a liability to me.

And pays off the liability holders.

So just this is liability, 750,000.

Subtract the liability from both sides.

So this liability would be bank notes outstanding, for 100 gold pieces.

Well has my liability changed, because my neighbor's house sold for less?

Illegal employment would disappear if we only had VAT.

The only tax that cannot run away is VAT.

This is the effect that VAT has on labor.

That's it, inside the vat, a living plastic creature.

We thought of people as a liability.

What is my assets minus my liability?

Lynn Verinsky Because of liability insurance. (Laughter)

That we'll just put generally as liability.

So the only liability is this 5,000.

So over here you had another liability.

Gregory's a liability. He's lost his nerve.

You also realize he's a major liability.

And on top of all this, we have the VAT.

Götz Werner Only VAT That would be the simplest solution.

liability side of the balance sheet as well.

that assets are equal to liability plus equity.