VAT is the tax of the future.

A basic income becomes the tax allowance in a VAT based system, a form of tax return for basic needs.

But if VAT is the only tax left, what happens to tax exemptions?

The only tax that cannot run away is VAT.

In general, there are three types of taxes value added tax (VAT)

He calls it an expense or consumption tax and is of the opinion that VAT should be our only tax.

If there is no more income tax and VAT is only added at the end of the value chain, then we have a VAT of around 100 .

The basic income logically emerges out of VAT as its social component as a reimbursement of tax allowance.

clearly visible, like VAT

And it has no VAT.

A good 200 years later, the Federal Republic of Germany introduced a similar tax but calculated in a different way the VAT.

And it actually should be an after tax return on that cash.

Get me a copy of Miss Hollis' '48 tax return, will you?

Now if you're not currently experiencing the joy of the joint tax return,

I did in that last video it might be interesting to say, is that the pre tax or the post tax return on asset.

The VAT in Germany is 19 per cent.

Income tax is the tax for self sufficiency.

Illegal employment would disappear if we only had VAT.

This is the effect that VAT has on labor.

Tax officials are zeroing in on income tax evasion.

Consumption tax is the just tax system for globalization.

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

Götz Werner Only VAT That would be the simplest solution.

In this example that I did in the previous video, it was the pre tax return on asset.

Some tax attorney.

More unemployment results in less tax revenue through income tax.

pay their religious tax

This amount includes tax.

Please pay the tax.

The price includes tax.

Tax the U.S. economy.

Property tax, same thing.

we are tax collectors.

Everyone will get their VAT reimbursed in order to cover basic needs.

After pay withholding tax, please send the tax paid receipt in PDF format.

He schemed to evade tax.

The government started tax reform.

Does that price include tax?

We must pay the tax.

It was even tax deductible.

VAT is inserted at the end of the value chain and clearly declared.

Because tax exemption is usually seen as the social component of the tax system.

Now, I was paid in dollars as a consultant, and I looked at my income tax return and tried to ask myself

They put 180 percent tax on gasoline cars and zero tax on zero emission cars.

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