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Pastimes : Let's Talk About Our Feelings!!!

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To: Krowbar who wrote (48125)	8/1/1999 2:07:00 AM
From: marcos	of 108807

GST = Goods and Services Tax IVA = Impuesto al Valor Agregado VAT = Value Added Tax [UK] Yes, buying an extra doughnut isn't a problem, you can always figure out what to do with it. But it is an example of what happens when you have exemptions, a line must be drawn and at some point it is inevitably comic. The phasing-in is a huge deal, don't underestimate the problems. I have a ten-inch stack of publications from Revenue Canada explaining interpretations and court rulings on the problems involved. My accountant's stack is many times that. Handling the GST cost me more in the first years than doing the rest of the books - on top of the fees to do them. I wasn't in a business which paid PST [provincial sales tax] so it was a whole new horror show. All in all, i could have done without it. Thing is - give a government a new taxing power and they will use it, but not the way you like. You see it as replacing income taxes ... well, good luck with that .... the Canadian experience is that they just added it on top ... mind you, they are paying down the national debt with it, after grinding away for years on the deficit ... but as a footsoldier in that effort, let me tell you, it ain't easy.

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