VAT is bad for US because a car made in US is 22% more expensive when sold in UK than a car made in UK sold in US. VAT makes it harder for US car company to sell in UK. It reduces number of US jobs making cars.
UK giving tax breaks to US companies also reduces number of US jobs because a catering business in Los Angeles loses a job to a catering business in London. So does a carpenter, an extra etc.
It's all simple to understand, consistent and frankly very leftist.
> VAT makes it harder for US car company to sell in UK. It reduces number of US jobs making cars.
that makes no sense.
Assuming the same amount of cars sold, with or without VAT the amount of US jobs making cars would stay the same. VAT is applied to any car regardless of origin it's not harder or easier for anyone.
> VAT is bad for US because a car made in US is 22% more expensive when sold in UK than a car made in UK sold in US.
But a UK car sold in the UK is also 22% more expensive than a UK car sold in the US (I'm going to overlook that you've completely overlooked sales taxes in the US).
VAT is bad for US because a car made in US is 22% more expensive when sold in UK than a car made in UK sold in US. VAT makes it harder for US car company to sell in UK. It reduces number of US jobs making cars.
UK giving tax breaks to US companies also reduces number of US jobs because a catering business in Los Angeles loses a job to a catering business in London. So does a carpenter, an extra etc.
It's all simple to understand, consistent and frankly very leftist.