Level Extreme platform
Subscription
Corporate profile
Products & Services
Support
Legal
Français
VAT
Message
From
08/04/2010 09:19:23
 
 
To
08/04/2010 08:47:23
General information
Forum:
Politics
Category:
Other
Title:
Re: VAT
Miscellaneous
Thread ID:
01459144
Message ID:
01459315
Views:
46
>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

Thanks Doug.
I ain't skeert of nuttin eh?
Yikes! What was that?
Previous
Reply
Map
View

Click here to load this message in the networking platform