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To: listenhillary

My not so perfect understanding of 999 - You have a 9% VAT tax as part of it. Consequently - every time something is sold there is a 9% tax included. So I believe successive buyers are going to pay a VAT again.

Am I wrong in my understanding folks?


83 posted on 10/19/2011 3:09:01 PM PDT by fremont_steve
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To: fremont_steve

“Am I wrong in my understanding folks?”

Yes, it is a retail sales tax, not a VAT tax.


99 posted on 10/20/2011 11:41:47 AM PDT by Tublecane
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