Archived posting to the Leica Users Group, 2009/08/31
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Mark, That is Value Added Tax, such as you will find in EU countries and elsewhere. It is like a sales tax, though technically the tax is "built up" through various stages of production. The end result to the consumer is the same. It is a "regressive" or consumption tax, compared to a tax on income. Most countries with a VAT seem to have both. For example, the income tax rate in the UK (40% going to 50%) - plus the VAT is a lot of tax. The income tax rate in the U.S. will probably shortly go to about 40%, but so far no VAT. So far. Ken > -----Original Message----- > From: lug-bounces+kcarney1=cox.net at leica-users.org [mailto:lug- > bounces+kcarney1=cox.net at leica-users.org] On Behalf Of Mark Rabiner > Sent: Monday, August 31, 2009 6:03 PM > To: Leica Users Group > Subject: Re: [Leica] Introduction of Leica M9 on 09.09.09 > > > Also remember that the Euro price reflects high V.A.T. (which sometimes > goes > > up to 20% or more). > > > Jim what the hell is a VAT? > > Inquiring Rabiners want to know. > > Now would be a good time. > Better than waiting till the 9th minute of the ninth day of the rest of my > life. > > > Mark William Rabiner > > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information