Weatherman said:Where are we at with the VAT? Wasn't it being debated in the GA at the first half of the term or do we need to introduce it yet?
Not sure. Maybe when the session re starts, you can make the speaker aware of it.
Josephus
Weatherman said:Where are we at with the VAT? Wasn't it being debated in the GA at the first half of the term or do we need to introduce it yet?
Value Added Tax Act (VATA)
I. VAT tax will have three rates depending on category of product or service.
II. A 0% VAT tax will include following product and service categories:
a. Infant products (any product or service designed for use by children under 2 years of age, from diapers to daycare)
b. Educational products, materials used by Eutopian educational system
c. Basic foodstuff, namely: Bread, Milk, Flour, Water
d. Medicines
e. All medical services other than elective plastic surgery
III. A 25% VAT tax will include following products and service categories:
a. Luxury vehicles (Ð40,000+)
b. Luxury homes (Ð600, 000+)
c. Luxury boats (Đ100, 000+)
d. Civilian firearms
e. Jewelry/Gems
f. Animal fur clothing
g. Elective plastic surgery
IV. All products and services not mentioned in articles III. and IV. will be taxed at 10% VAT rate
Value Added Tax Act (VATA)
I. A 10% VAT shall be introduced nationwide on the passing of this act.
II. This VAT will be decreased by 5% for goods such as:
a. Infant products (Push chairs, pacifiers...)
b. Educational products (School books, Educational videos...)
d. Food items purchased in stores (Milk, bread...)
III. The VAT will be increased by 5% for products such as:
a. Luxury vehicles (Ð40,000+)
b. Luxury homes (Ð600, 000+)
c. Civilian firearms
d. Jewelry/Gems
e. Animal fur clothing
I would be glad to conclude the VAT. However, I would like to get at least a brief projection from the ECB on the most likely results of the VAT's implementation. As far as I am aware, no such figures have been produced thus far, and I believe it would be unwise not to utilize such a resource when it comes to this type of decision.
Josephus I said:If Per Reczynski blocks VAT, then I promise not one penny will be added to the military budget.
Josephus