It's not officially a consumption tax, it's a "Value Added Tax", a tax on the value added to a product by a business. But, yes, it's a tax on consumption, and yes, it's a genius idea to make all businesses into tax collectors.
It's not officially a consumption tax, it's a "Value Added Tax", a tax on the value added to a product by a business. But, yes, it's a tax on consumption, and yes, it's a genius idea to make all businesses into tax collectors.