Of shipowners and taxes | 75 comments (75 topical, editorial, 0 hidden)

Re: Of shipowners and taxes (4.00 / 4)

Here in Portugal, the Troika actually spent time (God knows how much) discussing if chocolate milk, something that unfortunately is a stable in children's diet, should be taxed at 13% or 23% VAT!!!

As insane as US taxing policies are, do prefer that food staples aren't subject to sales tax. That said, it's a measure of how far we've strayed from need to "want" that chocolate milk is considered a staple instead of an occasional treat.

by Marie2 on Thu Jun 14th, 2012 at 12:26:08 PM EST
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Re: Of shipowners and taxes (none / 0)

Sales tax on food is not a bad tax actually. After we cut our sales tax on food from 25% to 12%, studies showed that the main benefactors were consumers of luxury foodstuffs. Better to cut taxes on low incomes!

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Jun 17th, 2012 at 04:48:07 AM EST
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Re: Of shipowners and taxes (none / 1)

Why not eliminate taxes on the sale of all fruits and vegetables? That would be a good beginning point.

by sgr2 on Sun Jun 17th, 2012 at 11:42:02 AM EST
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Re: Of shipowners and taxes (4.00 / 2)

Differentiated VAT has non-trivial administrative overhead.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jun 17th, 2012 at 12:45:38 PM EST
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Re: Of shipowners and taxes (none / 0)

No sales tax on food in your jurisdiction, perhaps, but not here.

by rifek on Sun Jun 17th, 2012 at 02:53:11 PM EST
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Of shipowners and taxes | 75 comments (75 topical, 0 editorial, 0 hidden)