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Politics : Bill Clinton Scandal - SANITY CHECK

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To: Lizzie Tudor who wrote (33891)2/13/1999 2:55:00 PM
From: Les H  Read Replies (1) of 67261
 
They can be applied to goods and services. As opposed to sales taxes, they can be applied to distributors/wholesalers, assemblers, etc. so that the tax is compounded. It's not uncommon for 33% and 66% VAT tax on consumer goods in Europe. It's typical for companies to provide companies as pay packages in Europes since companies can write off the cost of business. Typically, wealthy people get around these and other taxes here and abroad through the use of corporations and trust much as the Kennedys and others.

Interesting how the Utilities Index has dropped 10% since the State of the Union speech. Higher inflation expected. bmo.com
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