Try though governments might, there will always be a way to game any tax.
-----Original Message-----
From: Ken Norton
Sent: Wednesday, October 10, 2012 11:37 AM
To: Olympus Camera Discussion
Subject: Re: [OM] OM. Customer Service $@*+!!!
> But the evil of the VAT is that it is added at every stage of production
> not
> just at the final sale. We do not apply sales tax to things used in
> manufacturing.VAT is added in little pinches that really add up.
That did have the unintended consequence of altering how parts
suppliers provide to manufacturers. These little mom-and-pops have
sold out or under a contract ownership basis where the primary company
owns the machinery that the parts suppliers use. Lots of ways they've
gamed the system. In essence there is a return to the economic systems
of fiefdoms and tenant farmers.
We've seen this happen in a massive way in Iowa in both the
wind-energy and agriculture industries.
--
Ken Norton
ken@xxxxxxxxxxx
http://www.zone-10.com
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