Posted on 09/26/2016 6:17:14 PM PDT by dila813
Guys, implement a tax that says we will tax imports at the same rate as a US Source to a foreign source.
Equal tax!
CNN just cut out two seconds on TV time.
That was one of the benefits of a national retail sales tax. The source of the product didn't matter - it was all taxed at the same rate. Importing companies couldn't play games with prices the items where sold to their US divisions to ensure that there were no profits inside the US.
The international trade board has determined that VAT taxes in Mexico (or Canadian provincial taxes) on imports is within the normal course of business. It has also forbidden the United States from being able to apply an equal VAT tax to Mexican goods, as well as forbidden individual states to be able to tax imports in the same manner as Canada does.
It isn’t ‘fair.’
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