Suggested transaction tax system
Paul Tatham
ptatham@sympatico.ca
Wed, 15 Nov 2000 20:15:44 -0500
Derek Atkins wrote:
>
> "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
> >
> > --
Yeah, really. If you go to a donut shop and order 6 or more donuts - no
tax. Less than 6 and and it's considered restaurant food, not groceries
- tax is charged. At the grocery store the food is not taxed but other
stuff is.
> > 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
> warlord@MIT.EDU PGP key available
>
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