Quote:
Originally Posted by Ghitulescu
Well, in case you didn't know, the VAT are deducted for companies, and only the end user pays for the cumulated "added" value  .
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That answer gets you a failing grade (except that US business schools teach VAT so badly they might not notice).
It's registered
businesses that can deduct VAT paid but must charge VAT to their customers (who may be other businesses). And some businesses like insurance companies can't do this - in VAT terminology they are "exempt".
And all the VAT on an export is refunded.