Birdwatch Note Rating
2025-02-17 20:54:47 UTC - HELPFUL
Rated by Participant: EC5D5930FB6C30D6EAF28B351A08D71CB9432B5C7DB1CCFB65BD482685844D30
Participant Details
Original Note:
The assertion that VAT is "far more punitive than a Tariff" misrepresents the nature of VAT. A properly implemented VAT system aims to be neutral in terms of international trade and is designed to ensure no competitive disadvantage for either domestic or foreign producers. https://www.oecd.org/en/topics/consumption-taxes.html https://www.brookings.edu/articles/a-quick-guide-to-the-border-adjustments-tax/
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