Suggested transaction tax system

Al B. Snell
Wed, 15 Nov 2000 21:54:21 +0000 (GMT)

On Wed, 15 Nov 2000, James A. Treacy wrote:

> GST = Goods and Services Tax
> The rate is 7%, but how it is applied depends on the province. Most
> apply it on the cost of the good (or service). Others, like Quebec,
> apply it to the cost + provincial tax. Yes, there can be tax on a
> tax, as remarkable as that sounds. So, in Ontario we pay 15% tax,
> but in Quebec the rate is 15.56%.

So in the end it's just a simple percentage? No problem! :-)


                               Alaric B. Snell
   Any sufficiently advanced technology can be emulated in software