Do you pay too much tax in your country?
By Wise Ghost
January 11, 2019 7:43am CST
In absolutely everything we buy (or any kind of services we use), taxes are included. There is no way to escape it (because it affects everyone), but unfortunately the percentage levels are usually very bitter (thus causing prices to rise considerably). If many of the taxes were fairer, people would have more money to do other things. How does this work in your country?
9 people like this
Yes, I agree that VAT tax is incorporated in many products and services in US. They is no way to escape it and hoping the government will plan the money collected from the tax and use wisely on developing the country that can benefit the nation. Our country started to implement Goods and Services tax (GST). It is similar to the VAT where certain things will have fixed percentage of the tax on the things that we buy and sell. However, the taxes already abolished and replaced by Sales and Service tax (SST). The Sales Tax is only imposed on the manufacturer level, the Service Tax is imposed on consumers that are using tax services. SST rates are less transparent than the GST which had a standard 6% rate, the SST rates vary from 5% and 10%. Secondly, the suppliers could claim back the GST from the government but SST is not allow to claimed back so the suppliers need to absorb it as part of the cost.
• Bunbury, Australia
@WiseGhots I think people from Asian countries find it expensive compared to their own. I don't know about people from the USA although our fuel is a lot more expensive than what they pay. However if they visit here, that would only affect them if they hired a car. It's hard for me to pass an opinion really as I live here.