Suggested transaction tax system
Al B. Snell
alaric@alaric-snell.com
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! :-)
ABS
--
Alaric B. Snell
http://www.alaric-snell.com/ http://RFC.net/ http://www.warhead.org.uk/
Any sufficiently advanced technology can be emulated in software