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Re: [OM] Customs Documents

Subject: Re: [OM] Customs Documents
From: Garth Wood <garth@xxxxxxxxxxxxxxx>
Date: Sun, 19 May 2002 15:35:09 -0600
At 02:02 PM 5/19/2002 -0700, Winsor Crosby wrote:

[snip]

>I thought VAT was value added tax.  What value is added when someone buys a 
>new lens and uses up part of its lifetime and then sells it?


Silly rabbit.  It's the government artificially inflating the value by 
legislative fiat.

*That's* the "value added" part.  ;-)

(To make matters worse, in some cases, the Feds actually calculate the GST here 
in Canada *after* provincial or other taxes are added first, thus inflating the 
value of the GST beyond its legislated 7%!)

Garth



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