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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (57)10/5/2002 11:53:34 PM
From: kumar  Read Replies (1) | Respond to of 1417
 
<In Britain we pay 17.5 percent VAT>

In the early '90s when I was in NZ, GST (same as VAT) was 10% - and it was a newly introduced tax. Later, the politicians got greedy and it went to 12.5%.

Hurt many small businesses (mom-pop shops etc). The big corps just passed it on to the consumer, who had no real choice.

cheers, kumar


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