View Poll Results: Should the Federal Govt. implement a Value Added Tax (VAT)?

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Thread: Should the Federal Govt. implement a Value Added Tax (VAT)?

  1. #31
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by JANFU View Post
    Harmonized sales taxes
    It would be implemented as a national sales tax. Company A sells product to company B and to company C- is a sales tax added at each step in the chain of company to company sales?

    Goods and services tax/harmonized sales tax (GST/HST)

    In canada the VAT was added over and above Provincial sales tax. Most if not all provinces have harmonized their Prov rates with the federal govt. Alberta does not have a prov. sales tax. May have after the election?????

    Also as it impacts low income, a percentage based upon that - income level - family size is rebated.
    Goods and Services Tax (Canada) - Wikipedia, the free encyclopedia
    Yup. Now, doesn't that put more pressure on the private sector to shorten the supply chain?

    In the given example from A to B to C, there would be 2 VAT charges assessed for the end user to pay for.

    If B and C were eliminated from the supply chain, a more vertically integrated A would result, and only a single VAT charge would be assessed. (Have I got this right?)

    So there would be greater market pressure for highly vertically integrated businesses, and then the question becomes, is that vertical integration more efficient or less efficient at delivering goods and services?

    Wouldn't this have a negative impact on the number of start up small businesses? You know, the businesses that employ the vast majority of the workforce?
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by eohrnberger View Post
    Yup. Now, doesn't that put more pressure on the private sector to shorten the supply chain?

    In the given example from A to B to C, there would be 2 VAT charges assessed for the end user to pay for.

    If B and C were eliminated from the supply chain, a more vertically integrated A would result, and only a single VAT charge would be assessed. (Have I got this right?)

    So there would be greater market pressure for highly vertically integrated businesses, and then the question becomes, is that vertical integration more efficient or less efficient at delivering goods and services?

    Wouldn't this have a negative impact on the number of start up small businesses? You know, the businesses that employ the vast majority of the workforce?
    VAT is applied at the end point of sale.
    Companies are reimbursed for VAT paid to manufacture a product. A small percentage is retained by the company a-b thru the chain to pay for costs of maintaining this–the compnay that sells at the end point the VAT is applied and collected by Govt.
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Ebay has a VAT. A couple of years ago I auctioned a student model pedal steel guitar. The winning bid was about $150 over what it should have been. Ebay said: "we want half", which they deducted immediately.

    Hell will freeze over before I sell on there again.
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  4. #34
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by radcen View Post
    I'm generally against the idea, but if it were to REPLACE most of the taxes we have now I'd consider it.

    If it were just added to the already long list we have, then I'd be absolutely against it.
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by d0gbreath View Post
    Ebay has a VAT. A couple of years ago I auctioned a student model pedal steel guitar. The winning bid was about $150 over what it should have been. Ebay said: "we want half", which they deducted immediately.

    Hell will freeze over before I sell on there again.
    At least you had a choice whether to use it. We dont have such luxuries with the tax system. Dont like it, they garnish your wages.

  6. #36
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by JANFU View Post
    Should the Federal Govt. implement a Value Added Tax (VAT)?
    A consumption tax, more you consume more you pay, a fair tax?
    Massive deficits – massive debt – the fairest tax of all
    Value-added tax - Wikipedia, the free encyclopedia

    State and Local Sales Tax Rates in 2014 | Tax Foundation
    Higher income people don't spend the same level of their take-home pay on goods. This means that lower incomes would be taxed a greater % of their income and results in a regressive tax.

    For example, I spend a significantly greater % of my income on gas than someone making half a mil a year. See link.

    Raise California gas tax? What Brown's $52 billion plan could cost you - The San Diego Union-Tribune

    Higher income people also are able to keep more of their $$ in savings. That will never be taxed if we just go with a VAT. I'd prefer us to remove every single tax that exists and replace it with a flat % income tax, no consumption tax, no property tax, no nothing but a flat % on income with no refunds or loopholes.

    That's the fairest and least corrupt way to tax.
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by Fishking View Post
    Higher income people don't spend the same level of their take-home pay on goods. This means that lower incomes would be taxed a greater % of their income and results in a regressive tax.

    For example, I spend a significantly greater % of my income on gas than someone making half a mil a year. See link.

    Raise California gas tax? What Brown's $52 billion plan could cost you - The San Diego Union-Tribune

    Higher income people also are able to keep more of their $$ in savings. That will never be taxed if we just go with a VAT. I'd prefer us to remove every single tax that exists and replace it with a flat % income tax, no consumption tax, no property tax, no nothing but a flat % on income with no refunds or loopholes.

    That's the fairest and least corrupt way to tax.
    Removing all deductions as we know will not happen. Far to many special interests
    In Canada we have the VAT, called GST up here, lower income receive a rebate based upon income levels.
    It applies to most goods, groceries to services to purchasing a newly built house

    https://www.bdo.ca/en-ca/insights/in...housing-r-(1)/

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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by JANFU View Post
    Should the Federal Govt. implement a Value Added Tax (VAT)?
    A consumption tax, more you consume more you pay, a fair tax?
    Massive deficits – massive debt – the fairest tax of all
    Value-added tax - Wikipedia, the free encyclopedia



    State and Local Sales Tax Rates in 2014 | Tax Foundation
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  9. #39
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    Re: Should the Federal Govt. implement a Value Added Tax (VAT)?

    Quote Originally Posted by eohrnberger View Post
    Yup. Now, doesn't that put more pressure on the private sector to shorten the supply chain?

    In the given example from A to B to C, there would be 2 VAT charges assessed for the end user to pay for.

    If B and C were eliminated from the supply chain, a more vertically integrated A would result, and only a single VAT charge would be assessed. (Have I got this right?)

    So there would be greater market pressure for highly vertically integrated businesses, and then the question becomes, is that vertical integration more efficient or less efficient at delivering goods and services?

    Wouldn't this have a negative impact on the number of start up small businesses? You know, the businesses that employ the vast majority of the workforce?
    From what I understand the GST applies on the finished products.
    Pls check the link below.
    Cohen & Company - Understanding Canada?s GST/HST Tax System
    Canada’s version is the goods and services tax (GST) system. The GST applies to the sale of property and services in Canada. Certain Canadian provinces have a similar provincial sales tax that is combined with the GST to create a harmonized sales tax (HST) system in those provinces. Generally, the HST applies to the same base of property and services as the GST.

    Almost everyone purchasing goods and services in Canada has to pay GST/HST. Registered businesses must charge and collect the tax on sales made in Canada, and remit these amounts to the Canadian Revenue Agency. They must also file returns on a regular basis in which they can claim credits (or dollar-for-dollar reductions) against their liability for GST/HST paid on purchases.
    Quote Originally Posted by Erod View Post
    The damage to the black community from all this will be devastating.
    Not only on public perception and reputation, but cops simply won't want to police these neighborhoods anymore.
    The shooter was later found to be white.

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