Start With 5% VAT
TOPIC #0012: Start With 5% VAT
A VAT percentage of 5% would probably be best to start with. We have calculated that 2.5% VAT would be sufficient to finance the UBI at ᕫ1 per adult per day plus ᕫ0.5 per child per day. The other 2.5% VAT is already quite substantial for the "Projects and Institutes of Common Benefit". A VAT percentage of 5% is small enough to try to avoid by using other cryptocurrencies that are not automatically taxed with VAT but will be taxed anyhow at the cryptocurrency-echanges.