On Mar 15, 9:10 am, Larry wrote:
BrianH wrote in news:829ed$47db6af5$5449e348$1574
@news.hispeed.ch:
....
Does VAT work that way in every European country, or just Switzerland?

We have a thing called a goods and services general excise tax (GST)
here in Hawaii that is VAT without the write-off so it pyramids. It
is very powerful, largely hidden and extraordinarily regressive.

-- Tom.

Larry wrote:
BrianH wrote in news:829ed$47db6af5$5449e348$1574
@news.hispeed.ch:

Each registered business does indeed pay VAT on its stage of
a product's path to final sale to the consumer but each
business is able to claim that payment back once it leaves
for the next stage, so in practice no payment is made.
Therefore, that payment is not reflected in the product's
cost of production, only the consumer pays the final VAT,
making it similar to a normal sales tax.


I learn something new every day. This is today's discovery. I didn't know
they get it back. I assumed, wrongly it seems, that it was accumulated.

It certainly wouldn't be given back in the United States of America. We'd
invent a new layer of local government bureaucrats who would live quite
well upon each layer of kept VAT, here.

Does VAT work that way in every European country, or just Switzerland?

Oh dear Larry, this is why I didn't want to respond
initially, because I am no tax expert although I do have the
basics. I had a friend in the UK who gave up his engineering
business and went off sailing when VAT was first introduced.
I remember him waving a big, thick book and saying "Here are
all the regulations and instruction how I've got to
introduce all this VAT bookkeeping - I give up." Actually, I
think it was just an excuse to retire early and take off in
his yacht.

No, the principle is European wide, only the rate varies.
Here in CH it was ca. 9% on a pair of winches I just
imported while most EU countries it is much higher, often
around 20% (CH is not in the EU).

Many products are zero-rated, such as food, children's
clothes, books, etc and other products/services have
differing percentage groups.

I remember how I used to get an irate phone call from my
company's accounts department if I ever included a hotel
bill in my expenses that I hadn't asked reception to add our
corporate VAT number with my name - it meant they couldn't
claim the expense back.
Best, BrianH.

I leave you all with the grim facts ....
Current USA average income tax is 17%
Current USA average TOTAL taxes (Income, FICA, Sales, excise, sales,
school, personal property,capital gains etc.) is approaching 48-52%
yet increasing.
Current % of USA healthcare is 16-17% of GDP.
If healthcare becomes 'universal' then that adds 17% .... +17% added
to total income taxes = 34% for a total bill of 65%-67%.
That will be fairly close to the rates of the central EU .... where
the social benefits are rapidly evaporating due to utopian
spending.
Only to leave Norway and the Scandinavians with total higher tax bill
approaching into the 90%+ range.

I say that we go back and reclaim the tea that was dumped into the
Boston harbor, apologise to the King and effect a restoration. Will
be MUCH cheaper in the long term.
Hell a tax on tea, a tax on a few legal document and to have a Brit
soldier stay in your home occasionally in retrospect of the todays
total mugging by the leftists was much better.
Bring back the king, lock down the borders, put all the leftists and
shysters in reeducation camps, remove ALL the current politicians from
office .... and simply begin all over again.

RichH wrote:

I leave you all with the grim facts ....
Current USA average income tax is 17%
Current USA average TOTAL taxes (Income, FICA, Sales, excise, sales,
school, personal property,capital gains etc.) is approaching 48-52%
yet increasing.
Current % of USA healthcare is 16-17% of GDP.
If healthcare becomes 'universal' then that adds 17% .... +17% added
to total income taxes = 34% for a total bill of 65%-67%.
That will be fairly close to the rates of the central EU .... where
the social benefits are rapidly evaporating due to utopian
spending.
Only to leave Norway and the Scandinavians with total higher tax bill
approaching into the 90%+ range.

I say that we go back and reclaim the tea that was dumped into the
Boston harbor, apologise to the King and effect a restoration. Will
be MUCH cheaper in the long term.
Hell a tax on tea, a tax on a few legal document and to have a Brit
soldier stay in your home occasionally in retrospect of the todays
total mugging by the leftists was much better.
Bring back the king, lock down the borders, put all the leftists and
shysters in reeducation camps, remove ALL the current politicians from
office .... and simply begin all over again.


One should keep in mind that this "experiment in self government" was
just that - and experiment. No prior art.

cavelamb himself wrote in news:13trafnmuqphqd0
@corp.supernews.com:

One should keep in mind that this "experiment in self government" was
just that - and experiment. No prior art.


Sydney's brokers have driven the price over $1010/oz and rising RAPIDLY!

http://kitco.com/images/live/gold.gif

Look at the end of the green line! VERTICAL!

RichH wrote:
Only to leave Norway and the Scandinavians with total higher tax bill
approaching into the 90%+ range.

Where do you get this malarkey from?

Cheers
Marty

"Marty" wrote in message
...
RichH wrote:
Only to leave Norway and the Scandinavians with total higher tax bill
approaching into the 90%+ range.

Where do you get this malarkey from?

Cheers
Marty


Malarkey is from Ireland.

--
"j" ganz @@
www.sailnow.com

Dave wrote:
On Fri, 14 Mar 2008 20:55:45 +0000, Larry said:

So, Larry, you think that if the VAT rate is 20%, and I buy parts for
$.80 and resell the assembled product for $1.00, I'm going to have to
collect and pay over to the guvmint $.20 in VAT?

Rolled into the price outside the USA. Every point on the chain from when
they dig it out of the ground where money changes hands, VAT is added and
rolled into the price when it goes up the chain.....

And now would you answer the question?

Clearly Larry does not understand VAT systems, (GST in some places).

Cheers
Marty

Dave wrote in
:

On Fri, 14 Mar 2008 20:55:45 +0000, Larry said:

So, Larry, you think that if the VAT rate is 20%, and I buy parts
for $.80 and resell the assembled product for $1.00, I'm going to
have to collect and pay over to the guvmint $.20 in VAT?


Rolled into the price outside the USA. Every point on the chain from
when they dig it out of the ground where money changes hands, VAT is
added and rolled into the price when it goes up the chain.....

And now would you answer the question?


Yes

"Dave" wrote in message
...
On Fri, 14 Mar 2008 20:55:45 +0000, Larry said:

So, Larry, you think that if the VAT rate is 20%, and I buy parts for
$.80 and resell the assembled product for $1.00, I'm going to have to
collect and pay over to the guvmint $.20 in VAT?

C'mon Dave.
You buy a product for $0.80 which includes VAT. so the product has actually
cost you $0.66 because you can reclaim the VAT,assuming you are registered
for VAT..
You then sell it for $1.00
You do not say whether this is ex or inclusive of VAT
If ex. you must charge $1.20 and pay the goverment $.20 like he said, so
your profit is $0.33
If inclusive of VAT you get $1 and must pay the government $0.13 so you are
left with $0.83 and your profit is just $017.