Wouldn't a % taxation at source be more effective in retaining money inside the borders?
Tbh some people here do have a decent point. A private individual can't deduct rent and such. One could argue those are neede to keep working.
Tbh some people here do have a decent point. A private individual can't deduct rent and such. One could argue those are neede to keep working.
If you're talking about taxing revenue and not deducting expenses like wages etc, yes that's basically how VATs work and they're very popular and can raise a lot of money. The main difference is that falls on consumers and not just shareholders.