Hi Grady.
>Do all you can to prevent the Value Added Tax (Goods and Services Tax in Canada) from being put in place. Once established the government becomes addicted to money and can never seem to find a way to get rid of the vile tax method. Good luck U.S.A.
You may not be aware of this, but the GST replaced the hidden 13% Manufacturer's Sales Tax (MST) that was included in just about everything. Benefits of GST over MST:
- Lower rate (albeit applied to services now, which MST wasn't)
- Not hidden (i.e. built into the sales price)
- Flow-through tax for business (they get to claim GST paid against GST collected) so it doesn't affect prices.
- Not multiplied. Under MST, Part A created by Company 1 had MST. Part A used by Company 2 to create Part B added another layer of MST. Part B used by Company 3 to create Part C added another layer of MST, and so on. The net effect is paying tax on tax on tax for many manufactured goods.
Doug
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