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Comment Re:Relevance (Score 1) 377

Each link in the manufacturing chain will reclaim the VAT they paid to the previous link - so the capacitor mfr will reclaim the VAT paid on the materials, the mobo mfr will reclaim the VAT paid on the capacitors, etc. The only one who can''t reclaim the VAT is the end user, unless of course he's a VAT registered business in which case he can reclaim too, so the end result is that everyone has to cover the cost of accounting for VAT with no benefit to themselves or the treasury.

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