What I do know is the VAT was originally designed by a Frenchman, and like all things France, it sucks. Don’t need to know why it sucks other than it’s French origins.
The VAT tax is a consumption tax that taxes the value added at each stage of the supply chain from the raw materials cost, to production, to distribution, to sale and it definitely affects trade between nations that have a VAT tax and those that don't.
I don’t understand VAT in the trade context.
What I do know is the VAT was originally designed by a Frenchman, and like all things France, it sucks. Don’t need to know why it sucks other than it’s French origins.