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Exactly, and in the US no sales tax is prepaid? So there is nothing to return upon export. You seem to be saying that having a tax that is refunded gives a dif
by alexanderchr 2y ago
Exactly, and in the US no sales tax is prepaid? So there is nothing to return upon export.
You seem to be saying that having a tax that is refunded gives a different result than not having the tax at all, which sounds like nonsense to me.
- firesteelrain 2y agoBottom line is US businesses cannot discount or deduct state and local sales taxes on purchases made from their suppliers in the same way that VAT operates. Correct that sales tax is not paid on export.
- alexanderchr 2y agoBut US companies can get sales tax exemptions, no? And these exemptions serve the same purpose as VAT refunds.
- firesteelrain 2y agoNo
- alexanderchr 2y agoYes, for example https://comptroller.texas.gov/taxes/publications/94-124.php https://comptroller.texas.gov/taxes/publications/94-124.php