Randy, you're sounding very "American." Welcome aboard. ;<)
Wilton
----- Original Message -----
From: "Randy Bennell" <rbenn...@bennell.ca>
To: "Mercedes Discussion List" <mercedes@okiebenz.com>
Sent: Monday, May 06, 2013 6:17 PM
Subject: Re: [MBZ] OT: Speeding and revenue
On 05/05/2013 7:15 PM, Dieselhead wrote:
It's called a "value added tax", or VAT. Common in the EU and other
places.
Dan
NO! A VAT is insidious. VAT is added every time a raw material, part or
component is handled. A flat tax on income is direct and understandable.
A tax on retail sales is also direct and understandable.
VAT greatly favors vertically integrated companies., as they start with
raw ingredients and if they sell directly at retail, there are only two
VATs on the finished product, on raw materials, and again on the retail
sale. Take an auto for example. Many tiers of suppliers, each with
several levels of VAT. The VAT becomes a MAJOR component of the retail
price.
VAT sucks bigtime. It is a big reason why you don't buy a lot of
products from UK and former crown colonies, who nearly all have VAT
taxes, driving up prices. Is this why Hendrik has to pay obnoxious
prices for parts?
We have GST - goods and services tax in Canada on the federal level.
Most provinces (or maybe all of them) also have PST or RSt - retail sales
tax.
In some provinces we also ahve HST which is harmonized tax - a combined
GST and provincial sales tax. Supposed to be cheaper to administer but
what it has done is to widen the scope of things that get taxed.
To the credit of our Conservative federal government - the GST has been
lowered twice in recent years from 7% to 6% and now 5% which is a good
thing in my mind. Unfortunately, our provincial socialist government is
picking up the slack by raising our PST from 7% to 8%. It is necessary I
suppose because they keep increasing the size of the government. They keep
hiring more spin doctors to tell us that everything is great.
Pretty soon we will all work for the government and they can change
socialist to communist.
I hope the bas*ards are booted out on their backsides when the next
election comes around.
Randy who did not vote for this bunch last time
_______________________________________
http://www.okiebenz.com
For new and used parts go to www.okiebenz.com
To search list archives http://www.okiebenz.com/archive/
To Unsubscribe or change delivery options go to:
http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
_______________________________________
http://www.okiebenz.com
For new and used parts go to www.okiebenz.com
To search list archives http://www.okiebenz.com/archive/
To Unsubscribe or change delivery options go to:
http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
