value added tax?

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SaleenASL

SaleenASL

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what is VAT? i think it stands for value added tax. can someone explain what it is, and what the tax money is used for. ive heard about it being used in the u.k., but im not sure if its used in other european countries.
 
VAT is the 3 letters in the front of vat_man's name
So therefor its Vat_man's stock's name

like in Boom's Ticker!
Vat:up: 1 1/25 :)
 
from just looking at link headers on this it appears to very depending on country.
 
Ha!

It is Value Added Tax, or GST as it's called in Australia (General Sales Tax). It's a tax levied on the price of goods and services. For example in Australia, the GST is 10%. On a $100 item, the GST will be 10%, or $10.

And, actually, that's not where I get my name from! I have revealed it previously in these forums. Can you find it?
 
:p


Heh, it took less than 4 minutes to find and post that, and I'm on my slow arse 56k.:eek::lol:
 
So it does not stand for a vat of something?

I think it would have been more interesting if you had said you are the autistic Bruce Wayne.
 
Oh - sorry. So when you say, 'I kicked his ass', you actually mean you kicked his donkey! Thanks - never realised that.
 
VAT is just another rubbish way in which the government gets to tax us. Because VAT was originally only supposed to be applied to 'luxury' items, such as jewels, stereos etc. Now, however, it's applied to almost everything, including hot-food takeaway, books etc. So you pay the tax on your income, and then you pay the tax on your disposal of that income.

It's just another way to cover for the inefficiency of government.
 
Originally posted by GilesGuthrie
VAT is just another rubbish way in which the government gets to tax us. Because VAT was originally only supposed to be applied to 'luxury' items, such as jewels, stereos etc. Now, however, it's applied to almost everything, including hot-food takeaway, books etc. So you pay the tax on your income, and then you pay the tax on your disposal of that income.

It's just another way to cover for the inefficiency of government.
Click to expand...

Damn is it on books now as well? I thought that was one of the few things it wasn't on.

'kin 'ell, this lot are worse than the Tories.
 
Originally posted by GilesGuthrie
VAT is just another rubbish way in which the government gets to tax us. Because VAT was originally only supposed to be applied to 'luxury' items, such as jewels, stereos etc. Now, however, it's applied to almost everything, including hot-food takeaway, books etc. So you pay the tax on your income, and then you pay the tax on your disposal of that income.

It's just another way to cover for the inefficiency of government.
Click to expand...
That's because it's so easy to get around income tax if you're self employed! The only way to tax these people is via consumption taxes.

Unfortunately people who earn a wage (like ME) get it in the shorts - again... :rolleyes:
 
ok. i think i get it now. its just like the sales tax here in the states.

ive heard that income taxes in the UK are pretty huge, kinda like in canada (like near 50% of your gross wages). im too lazy to ever verify these things i hear, though.
 
it's just another fance word for the government want more of your money so we have to call it something that no one will know what it is it is just like the goverments of the world wanting more money for thme self's so they can drive by u in there million dollaer cars and laugh at us when they see how bad half these people have it it make me so :mad: i want to put all the governments on an isle and nuke the mofo :D
 
Originally posted by km
what nobody agrees with me :confused:
Click to expand...

Probably because no-one understands what you said...

Looking at it from a slightly more pragmatic point of view, the real issue here is that governments have done very poorly in preventing 'cash economy' dealings - you know, where Bill the plumber takes cash for a job thereby avoiding tax on that income.

So, if you can't tax income on someone's hand, you tax it at the other end of the transaction when they buy things - i.e. a sales tax (or VAT, or GST).

Government is a fact of life in civilised Western society - and a little look at Afghanistan might serve as a warning about what happens when no-one is running things - and it must be paid for.

I agree that it's not the most efficient thing in the world - and I know as a wage slave, that I'm in one of the most heavily taxed sectors of the economy. Such is our lot in life...
 
with no taxes, you would have no roads, police, fire dept., etc.

if u really wanna save money, stop paying your taxes. the gov. will find out soon enough, and u will be getting 3 hot meals a day + a bed for free.

but yah, taxes still suck. whatcha gonna do.
 
I wouldn't mind paying taxes, if I knew that the money wasn't simply being wasted. I hate that!
 
well half the time the taxes go up just so the big bosses get to have an addon to there mansion's come to canada and u will see that our govenment just want's us to be like the states (like with the health care system) we have the crapest miltary ever and i was reasonly on the yellowhead hwy and i have never been on the roughest road thought the mountains i have ever been on how is that our tax dollars at work :confused:
 
Originally posted by km
well half the time the taxes go up just so the big bosses get to have an addon to there mansion's come to canada and u will see that our govenment just want's us to be like the states (like with the health care system) we have the crapest miltary ever and i was reasonly on the yellowhead hwy and i have never been on the roughest road thought the mountains i have ever been on how is that our tax dollars at work :confused:
Click to expand...

Perhaps you should write to your local elected member and ask him the questions.
 

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