Isn't it obvious? lf you pay extra, it has more value to you.
Tom
On Sunday, May 19, 2002 at 15:35, Garth Wood <olympus@xxxxxxxxxxxxxxx>
wrote re "Re: [OM] Customs Documents" saying:
> At 02:02 PM 5/19/2002 -0700, Winsor Crosby wrote:
>
> [snip]
>
> >I thought VAT was value added tax. What value is added when
> > someone buys a new lens and uses up part of its lifetime and then
> > sells it?
>
>
> Silly rabbit. It's the government artificially inflating the value by
> legislative fiat.
>
> *That's* the "value added" part. ;-)
>
> (To make matters worse, in some cases, the Feds actually calculate
> the GST here in Canada *after* provincial or other taxes are added
> first, thus inflating the value of the GST beyond its legislated
> 7%!)
>
> Garth--
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tOM Trottier, ICQ:57647974 http://abacurial.com
758 Albert St, Ottawa ON Canada K1R 7V8
+1 613 860-6633 fax:231-6115 N45.412 W75.714
"The moment one gives close attention to anything,
even a blade of grass, it becomes a mysterious,
awesome, indescribably magnificent world in itself --
Henry Miller, 1891-1980
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