From: "Troy Steadman" 
Newsgroups: uk.finance
Subject: Re: India gets VAT
Date: Mon, 4 Apr 2005 07:15:18 +0000 (UTC)
Injector-Info: news.mailgate.org; posting-host=82-43-209-105.cable.ubr10.newm.blueyonder.co.uk; posting-account=125090; posting-date=1112598719

"mogga"  wrote in message
news:4kh051tlvjqoebngu12ekbp1ukk7d70993@4ax.com

> http://news.bbc.co.uk/2/hi/south_asia/4394829.stm
> 
> So what is VAT? Is it a sign a country is doing well or a sign that
> the government needs more money?

It's a good tax. Income tax discourage people from earning, VAT taxes
them only when they splash out on non-essentials.


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