To: GovernmentShrinker
Big corporations ARE the retail buyer for many goods and services -- huge orders of PCs, customized software (costing in the millions), accounting and legal services, temp agencies, etc.So? What's the problem?
If those items are used to produce the good or service they sell at retail there is NO tax on the sale to them.
Only product(s) or service(s) sold to retail customers would be taxed.
Corporations do not pay taxes period! They mearly collect them from their customers and remit them to the government!
142 posted on
02/08/2003 7:38:54 PM PST by
Bigun
To: Bigun
The definition of retail will obviously become a huge issue. For profit corporations currently pay state sales tax on most things they buy for use in their business. Some states tax services, others tax only tangible goods. If a NRST is going to exempt any purchase of any goods or services which the buyer uses in producing something else for resale, the rate is going to have to be sky-high.
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