> If a 35% custom’s duty is reduced to > 10% and is accompanied by a 12% VAT > then the total tax burden becomes 22%, > which is still a whopping 13% savings > for the consumer.
He needs to watch his percentages:
because VAT is charged on duty: At 10% duty and 12% vat, the total cost per dollar is:
1 times 1.1 times 1.12 is closer to 24%.
And, most duty rates were only reduced to 20%, not 10%
ohdrap4 says...
Are you, by any chance, Tal Russel's son?
On Steady as she goes: Turnquest budget has no major surprises
Posted 30 May 2019, 11:47 p.m. Suggest removal
ohdrap4 says...
yep, a few months ago. they used to sell 2 5 pound bags of parboiled rice for 4.99 , plus vat at 7.5 %, so 5.38.
Now that it is vat free, this week solomons sells two bags for 5.50.
Same difference.
On Steady as she goes: Turnquest budget has no major surprises
Posted 30 May 2019, 11:45 p.m. Suggest removal
ohdrap4 says...
politics makes strange bedfellas, mudda and edison key.
who would have thunked?
On 'Clean up' Immigration before new exemption
Posted 27 May 2019, 4:49 p.m. Suggest removal
ohdrap4 says...
> “We’ve taxed everybody to death
Not everybody. Just the poor of us.
On New, increased taxes are 'economic suicide'
Posted 22 May 2019, 5:07 p.m. Suggest removal
ohdrap4 says...
who is going to buy from julian brown?
On Private equity venture eyes ‘$100m-$200m opportunities’
Posted 18 May 2019, 11:47 a.m. Suggest removal
ohdrap4 says...
where cn i get this 800 per week job?
On UPDATED: Three men shot dead by police
Posted 17 May 2019, 8:19 p.m. Suggest removal
ohdrap4 says...
> resolute in his view that the country
> is “in a much better place” when
> compared with two years ago.
So is my dead uncle
On Dames: We are in a much better place than we were two years ago
Posted 7 May 2019, 9:18 p.m. Suggest removal
ohdrap4 says...
when the hurricane comes it is going to take all solar panels and batteries with him.
On Ragged Island set for renewable energy investment
Posted 5 May 2019, 2:26 p.m. Suggest removal
ohdrap4 says...
does she accept criminal pupils?
On Home raider dies swimming canal
Posted 3 May 2019, 5:13 p.m. Suggest removal
ohdrap4 says...
> If a 35% custom’s duty is reduced to
> 10% and is accompanied by a 12% VAT
> then the total tax burden becomes 22%,
> which is still a whopping 13% savings
> for the consumer.
He needs to watch his percentages:
because VAT is charged on duty: At 10% duty and 12% vat, the total cost per dollar is:
1 times 1.1 times 1.12 is closer to 24%.
And, most duty rates were only reduced to 20%, not 10%
On Rupert Roberts must evolve
Posted 1 May 2019, 7:26 p.m. Suggest removal