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So having suppliers instead of being vertically integrated gets taxed repeatedly.

This is the whole reason the VAT taxes value added, not the whole transaction.

I have to wonder whether you’ve even looked at existing tax systems, or spent any time sketching out what the consequences of yours might be.

> So having suppliers instead of being vertically integrated gets taxed repeatedly.

Yes. But maybe having a long chain of suppliers is worth a tax penalty.

The vertically integrated company has a stronger incentive to stay solvent.

I’m thinking particularly about construction businesses here.