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1manband

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1manband

Re: altruism post# 29053

Thursday, 04/20/2017 10:38:50 PM

Thursday, April 20, 2017 10:38:50 PM

Post# of 35791

Taxes are paid on Revenues



That is not correct. It is not a sales tax at all. It is a VAT. The tax is levied to the producer at time of production, not sale.

Even if NEWC sells zero products, they still pay the tax on every unit available for sale.
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