M
Martin Brown
Guest
On 14/05/2010 16:25, John Larkin wrote:
run their business and new equipment doesn't really make any sense.
university tried a lawnmower as a company expense (ruled invalid).
We tried company bicycles and that was accepted!
anything you have the same nightmare scenario as UK fast food places
where the price you pay depends on whether you take away or eat in VAT=0
or 17.5 respectively. I presume that noone bothers in the US like buying
stuff from another state to evade state sales taxes.
different rates and/or wierd exemptions. Different to what you are used
to - but I think an end user purchase/sales tax would be a lot cleaner.
Regards,
Martin Brown
I see that as faintly odd. Taxing businesses for buying stuff to helpOn Fri, 14 May 2010 08:50:11 +0100, Martin Brown
|||newspam|||@nezumi.demon.co.uk> wrote:
A pure sales tax paid only by the non-business end user would be a lot
simpler. Allowing businesses not to have to fight with badly paid VAT
advisers. I have had some amusing run-ins with them on reclaiming VAT
for a charity making disabled access improvements.
There's nothing wrong or difficult about having businesses pay sales
tax. We in California pay sales tax on anything we consume, like
run their business and new equipment doesn't really make any sense.
It does provide the odd interesting loophole. My supervisor atequipment and furniture and supplies, and pay no tax on parts or
subassemblies that will go into sellable products. But it probably
makes sense to exempt productive equipment, since that would encourage
long-term productivity and job creation.
university tried a lawnmower as a company expense (ruled invalid).
We tried company bicycles and that was accepted!
It is different to what I am used to and just as messy to implement. IfIf there's an opamp in stock and I pull it out to make a breadboard or
a test fixture, I should in theory note the event and pay sales tax on
it. And if I buy a bunch of parts for engineering, taxed, but some
wind up in a shipped product, we should get a refund on the taxes.
anything you have the same nightmare scenario as UK fast food places
where the price you pay depends on whether you take away or eat in VAT=0
or 17.5 respectively. I presume that noone bothers in the US like buying
stuff from another state to evade state sales taxes.
It is relatively straightforward provided that you do not have too manyVAT sounds like a mess to me. Accountants and attorneys and
bureaucrats are all useless, expensive overheads on society.
different rates and/or wierd exemptions. Different to what you are used
to - but I think an end user purchase/sales tax would be a lot cleaner.
Regards,
Martin Brown