EPTThe LiquidLegends Lounge - Page 1827
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Duvon
Sweden2360 Posts
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Gahlo
United States35165 Posts
On January 23 2018 08:15 Holyflare wrote: I haven't written a single cheque in my entire life wtf is wrong with your country? Why is that dumb? Europe is all 20%+ basically. VAT tax is dumb. | ||
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zer0das
United States8519 Posts
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Gahlo
United States35165 Posts
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Ketara
United States15065 Posts
On January 23 2018 08:15 Holyflare wrote: I haven't written a single cheque in my entire life wtf is wrong with your country? Why is that dumb? Europe is all 20%+ basically. Cuz when something is advertised as RM10 you shouldn't have to pay RM10.60 On January 23 2018 09:37 zer0das wrote: So apparently Darkest Dungeon has had a new DLC, the Shieldbreaker for a few months... just heard of it. >_> It's just an extra character and a few monster types. Nothing too fancy. She's pretty stronk tho. | ||
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Holyflare
United Kingdom30775 Posts
On January 23 2018 15:06 Ketara wrote: Cuz when something is advertised as RM10 you shouldn't have to pay RM10.60 It's just an extra character and a few monster types. Nothing too fancy. She's pretty stronk tho. That's easily avoided by advertising it as RM10.60 though? | ||
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Ketara
United States15065 Posts
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Numy
South Africa35471 Posts
The main issue with VAT is that it's non-scaling so it hurts the lower income population far more than anyone else. However it's also far harder to avoid as a tax compared to income tax which top income population avoids like a plague. Ideally if countries got to the point where they actually got the tax they wanted out of top income population they may not even need VAT or low income tax. | ||
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iCanada
Canada10660 Posts
Although i shouldn't complain, in Alberta we just pay 5%. | ||
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Holyflare
United Kingdom30775 Posts
On January 23 2018 18:20 Numy wrote: Prices are all vat inclusive here so what's advertised is what's paid. Your receipt has the breakdown so if you are a VAT vendor you can use that to claim back. The main issue with VAT is that it's non-scaling so it hurts the lower income population far more than anyone else. However it's also far harder to avoid as a tax compared to income tax which top income population avoids like a plague. Ideally if countries got to the point where they actually got the tax they wanted out of top income population they may not even need VAT or low income tax. Hahahaha funny. Business expenses you can just claim VAT back. Job done. Super easy to avoid. | ||
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Numy
South Africa35471 Posts
On January 24 2018 02:27 Holyflare wrote: Hahahaha funny. Business expenses you can just claim VAT back. Job done. Super easy to avoid. I'm not sure how yours works. But if your vat in vs vat out stuff is a bit fishy here SARS basically sits on your ass 24/7 for months. My folks sold their business about 2 years ago. Since they went from having VAT tables every month to nothing SARS basically said "this was suspicious" and audited them every single month for about 7 months. At the end of the day avoidance is really up to how well run/funded your tax collection agency is. I say it's harder to avoid since the paper trails are a bit more clear cut. All tax is easy to avoid if you rich anyway I guess, especially if you capture the agency in charge of collection. | ||
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Holyflare
United Kingdom30775 Posts
On January 24 2018 03:00 Numy wrote: I'm not sure how yours works. But if your vat in vs vat out stuff is a bit fishy here SARS basically sits on your ass 24/7 for months. My folks sold their business about 2 years ago. Since they went from having VAT tables every month to nothing SARS basically said "this was suspicious" and audited them every single month for about 7 months. At the end of the day avoidance is really up to how well run/funded your tax collection agency is. I say it's harder to avoid since the paper trails are a bit more clear cut. All tax is easy to avoid if you rich anyway I guess, especially if you capture the agency in charge of collection. https://www.gov.uk/reclaim-vat You simply show it's a "business expense" and they pay you back? | ||
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Numy
South Africa35471 Posts
Trying to claim expenses that are not VAT deductible or inflate numbers to try claim more VAT becomes tricky since what you are claiming should correspond to someone else's books. So yes you can just claim back VAT(if you're a vendor) but at last personally it's a thing they scrutinize considerably. | ||
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zer0das
United States8519 Posts
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Gahlo
United States35165 Posts
On January 25 2018 04:40 zer0das wrote: Company I own stock in announced they're laying off 5,500 people and the tax cut allowed them to perform this restructuring. Stock price went up. Oh, and they raised dividends by 3%. >_> Trickledown economics at its finest. | ||
NeoIllusions
United States37500 Posts
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killerdog
Denmark6522 Posts
They sign a 2 year deal with facebook, and the entire dota community immediately decides to boycott all facebook streamed events. Unlucky | ||
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Numy
South Africa35471 Posts
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zer0das
United States8519 Posts
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GhandiEAGLE
United States20754 Posts
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