See https://en.wikipedia.org/wiki/Tax_incidence
It's pretty intriguing, and doesn't align very well with our intuition. As far as I can tell, your hypothesis about the impact of VAT is not really supported by that.
See https://en.wikipedia.org/wiki/Tax_incidence
It's pretty intriguing, and doesn't align very well with our intuition. As far as I can tell, your hypothesis about the impact of VAT is not really supported by that.