Post by thread:[OT]: taxes was Re: [EE]: Online electronics store

At 12:58 PM 8/23/02 -0400, you wrote: >I thought higher taxes hurt the economy! Sounds like a viscous cycle to me. >;) The beauty of VAT (or GST) type taxes is that they don't really hurt exports, as they are only applied on DOMESTIC CONSUMPTION. Businesses pay them, then claim BACK the amounts paid as input tax credits. They are a money spigot that is very tempting to the government. Especially since the tax tends to be hidden to the consumer (not in Canada, but I think everywhere in Europe where when the price says 200 currency units, that's just what you pay). Best regards, Spehro Pefhany --"it's the network..." "The Journey is the reward" spam_OUTspeffTakeThisOuTinterlog.com Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com 9/11 United we Stand -- http://www.piclist.com#nomail Going offline? Don't AutoReply us! email .....listservKILLspam@spam@mitvma.mit.edu with SET PICList DIGEST in the body

On Fri, 23 Aug 2002 14:20:39 -0400, Spehro Pefhany wrote: > Especially since > the tax tends to be hidden to the consumer (not in Canada, but I think > everywhere in Europe where when the price says 200 currency units, that's > just what you pay). It's actually a legal requirement to show "the price you pay" here. It really annoys me when I'm in the USA that you go into a McD and buy a burger that's priced at $4.99, give then $5 and they look at you as if you're raving mad... Over here *that* would be seen as "hiding the tax", because you don't know how much you're paying until they ring it into the till - you have to pay more than the sign says. Cheers, Howard Winter St.Albans, England -- http://www.piclist.com hint: PICList Posts must start with ONE topic: [PIC]:,[SX]:,[AVR]: ->uP ONLY! [EE]:,[OT]: ->Other [BUY]:,[AD]: ->Ads

On Sun, 25 Aug 2002, Howard Winter wrote: >On Fri, 23 Aug 2002 14:20:39 -0400, Spehro Pefhany wrote: > >> Especially since >> the tax tends to be hidden to the consumer (not in Canada, but I think >> everywhere in Europe where when the price says 200 currency units, that's >> just what you pay). > >It's actually a legal requirement to show "the price you pay" here. It really annoys me when I'm in the USA >that you go into a McD and buy a burger that's priced at $4.99, give then $5 and they look at you as if you're >raving mad... > >Over here *that* would be seen as "hiding the tax", because you don't know how much you're paying until they >ring it into the till - you have to pay more than the sign says. I think that the fair way is to print the price and the tax to add and the end price on each label. The tax should be printed in dollars, pesetas, shekels, whatever currency is used. Not just in percent. This is a real eye-opener for the future customers/voters. And it cannot be made illegal in any country. I'd really like to know how our public would react if each 8 shekel piece of cheese and 5 shekel bread would show their 1.22 and resp. 1 shekel taxes. (VAT is 18%). I will NOT talk about other taxes, because you would not believe me. Just to mention one: cars are taxed at nearly 100%. You don't believe me, right ? Peter -- http://www.piclist.com hint: PICList Posts must start with ONE topic: [PIC]:,[SX]:,[AVR]: ->uP ONLY! [EE]:,[OT]: ->Other [BUY]:,[AD]: ->Ads