Suggested transaction tax system

[Derek Atkins]

"Al B. Snell" <alaric@alaric-snell.com> writes:

> 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! :-)

Except I bet you can come up with some screw cases where an item is
covered by one tax but not the other.. Or some items (eg a grocery
store) may be taxable and others are not.

> 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  
> 

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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