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Thursday, June 24, 2010

And you thought Israel's 16% VAT was high

Look what VAT (Value Added Tax) is in England.

That gets added on to ALL purchases - goods and services (unlike sales tax in the US, which is only added on to goods).

That ought to help their economy, eh?

2 Comments:

At 1:47 AM, Blogger MUSHI said...

in Argentina we have 21% of VAT (IVA).

ouch!

 
At 3:32 AM, Blogger NormanF said...

If you're a foreigner, you get exempt from VAT. That's why there are a lot of emigres from high tax countries.

Heh

 

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