Noticed there was no Value Added Tax yet. A tax that is implamented in a number of countries for many years. Is somebody thinking it’s too much like Sales Tax?
Hmmm, would it provide more fun/challenge to the countries?
Sales tax needs to converted into a consumption tax
Wait, sales taxes are consumption taxes, right? Or am I getting something wrong here? If I remember correctly sales taxes are already implemented in game.
A sales tax can levy a tax on selected items at wildly different rates. On the other hand, a consumption tax is a flat rate of tax on everything.
Ah, that makes more sense, thanks for the explanation. I’m curious as to how this would be implemented in game, though.
I think that for the sake of simplicity, Cliff assumes here that the sales tax is flat tax for all goods and services. I’m sure that VAT could be added.