Firstly, an invoice isn’t a document created for tax purposes and should never be treated as such. It’s a document typically issued by a supplier to a customer to confirm the goods or services being ordered or purchased, the price of those goods or services, and to inform the customer of their obligation to make … Read more
It’s not because VAT is easy to collect. A straight sales tax is much easier. Income tax for the employed is super easy as employers do it for the government. VAT is difficult as rules go into thousands of pages, inspections are tricky and issues can be difficult to resolve, especially when it comes to … Read more
Historically you’d have to say there is no essential difference. The real justification for government control was violence, both external—conquests—and internal—violent enforcement of laws. Many organized crime groups functioned as local governments. Protection money is one of the main income sources of mobsters, triads and gangsters all over the world. The differences were superficial. Kings … Read more
