Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A
Shrewd'm.com Merry shrewd investors
Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Post of the Week!
Search BRK.A

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
Unthreaded | Threaded | Whole Thread (56) |
Author: tecmo ⎊🐝  😊 😞
Number: of 12641 
Subject: Re: o/t, debtors and creditors,
Date: 07/09/2024 2:58 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
The benefit (to the government) is that the VAT is invisible to the end purchaser, so they don't really realize that they are paying a HUGE tax.


In Canada the VAT (called GST) is added on after the purchase price - not hidden.

The biggest benefit of a VAT at the federal level would be to broaden the tax base. There are a LOT of residents who don't pay any federal income taxes. A simple 5% tax would generate huge amounts of revenue which could be used to simplify income taxes and even reduce budget deficits if so desired (unlikely). Combined with an Asset tax and you get a much more fair tax system IMO.


tecmo
...

Post New | Post Reply | Report Post | Recommend It!
Print the post
Unthreaded | Threaded | Whole Thread (56) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds