Quote:
Originally Posted by Xerxys
Charlatan, whats GST? And did you guys have Value added tax (VAT)? In a country in the far east, how much is the cost of bread relative to the Canadian dollar? I use bread as an example because I believe it is one of the most basic globally subsidized good there is (That and I consume copious amounts of it) out there. And just how and how much do taxes from the basic level of the consumer impact the government in the orient?
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GST is Goods and Services Tax. I'm pretty sure it's exactly the same as VAT. While I think it would have been better to have tax included in sale price, if it was a forced change in the US today, all I could imagine is a $2.69 gallon of milk turning into a $2.89 gallon of milk when they "add" Kentucky's 6% sales tax to the price. If you didn't notice, 2.69 x 1.06 = 2.85, not 2.89. Yes, I'm saying they'd rip your ass off just like they did when we switched to the metric system back in the 70s.