Tal, I go to wikipedia, since I did not go to school.

> ******> A VAT, like most taxes, distorts what would have happened without it.***
> Because the price for someone rises the quantity of goods traded
> decreases. Correspondingly, some people are worse off by more than the
> government is made better off by tax income. That is, more is lost due to
> supply and demand shifts than is gained in tax. This is known as a
> deadweight loss. If the income lost by the economy is greater than the
> government's income; the tax is inefficient. It must be noted that a
> VAT and a Non-VAT has the same implications on the microeconomic
> model.
>
> The entire amount of the government's income (the tax revenue) may not be a
> deadweight drag, if the tax revenue is used for productive spending or has
> positive externalities – in other words, governments may do more than
> simply consume the tax income. While distortions occur, consumption taxes
> like VAT are often considered superior because they distort incentives to
> invest, save and work less than most other types of taxation – in other
> words, a VAT discourages consumption rather than production***.

Since when does anyone listen to what is said at the United Nations?

Do like Rouseff in brazil, she's got cojones.

The consultants sing for their supper.

Hey, hey, tomorrow is the first of October, Minister Halkitis said that the VAT legislation is coming out his week.

Now, if the VAT was a disaster in Grenada, how come we have Grenadian consultants?

Does it matter what the timetable for implementation is?

The MO of this Government is to keep everything secret, because there is enough fools becoming eligible voters every day who will vote for a t-shirt. Twenty years ago, votes were more expensive.

When this is postponed so will be the revelation of the legislation.

The increase in the cost of living may well cause the people to protest on the street.

Let's schedule this referendum on March 15,2014.

This should accomplish the task of keeping VAT a big secret.

November 2013- referendum on the constitution
December 2013- Christmas -- the country stops and the junkanoo groups will keep the headlines going till the end of January
February 2014-- the valentine's day will keep the men working to buy perfume
April 2014- there will be Easter
May 2014- the mother's day will keep the men working to buy perfume and refrigerators

As you can see, there is nothing to keep thm distracted in March 2014

Amen!!!!

Who is going to collect VAT?

[Tax officials failed to collect £9.6bn in VAT in 2010-11, auditors find][1]

[1]: http://www.theguardian.com/politics/201…

Referndum and Tweedledee

Agreed to have a Tweedledum;

For Tweedledum said Tweedledee

Had spoiled his nice new Referndum

Lacking some informed rebuttal, with one side of his mouth, he resorts to the ad hominem:

**“Then, turning to the Nassau Institute study, he blasted: “I find it one of the most extreme, ridiculous and exaggerated pieces of writing I’ve seen from a professional person.”**

In the mean time, the other side of his mouth was saying:

**“A lot of us are reading it because it bashes the Government, not because it’s a meaningful, accurate report. Yes, read it, but read it with an unbiased view,” Mr Lightbourne added**.

Unbiased? Really?
**lmaorofl**

The Client might agree to pay cash. No receipt-no VAT. Happens in other countries.

While some appliance companies charge $150.oo to install an appliance, you may fid a retired appliance man to do it for $50. that way you only pay VAT on the parts.