Subject:
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Re: Will lego come down after the GST?
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Newsgroups:
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lugnet.loc.au
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Date:
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Thu, 30 Mar 2000 12:04:30 GMT
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Viewed:
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1531 times
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> You think the GST will stay at 10% , ha...ha....ha.....
Look at the facts. in order to change the rate of the GST the government has to
get legeslation through parliment. Do you think that the senate is going to
allow that?
They would also have to get legeslation through parliment in order to change
anything to do with the way the gst rate is set. Therefore there is no way that
any prime minister (now or in the future) can increase the rate without passing
legeslation through parliment. Given that the senate is set up so that the
ballence of power is always held by the minor parties/independents and that all
of the minor parties are poopsed to an increase then the GST will stay at 10%
for the forseeable future.
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Message has 1 Reply:
 | | Re: Will lego come down after the GST?
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| Jonathan Wilson wrote in message <38E342CE.6418686D@x...il.com>... (...) I love looking at facts! Can't get enough of them. The NZ rate was initially set at 10%. Not long after the GST was introduced it was raised to 12.5%. (And the NZ system, being (...) (25 years ago, 30-Mar-00, to lugnet.loc.au)
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Message is in Reply To:
| | Re: Will lego come down after the GST?
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| (...) Good question. I believe the wholesale sales tax rate is 22% , but isn't that 22% of the price that a shop pays (wholesale) , not the retail price which we pay. Just say the w.p is half the r.p that makes the sale tax only 11% of the r.p. I (...) (25 years ago, 30-Mar-00, to lugnet.loc.au)
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