.All cannabis products in Canada will be subject to an excise duty (referred to as the "Cannabis Duty"), the Goods and Services Tax/Harmonized Sales Tax ("GST/HST") as well as any additional provincial retail sales taxes
and other fees, duties and/or mark-ups.
In addition, five provinces (including Ontario and Quebec) charge a retail sales tax
on top of the premium taxes for certain types of insurance.
It's not expressed so loudly with some of these other variants that move in that direction, but they are very fearful of a federal tax that would move into the consumption tax space and compete with retail sales tax
Further, if a reward level provides a mix of goods subject to retail sales tax
and nontaxable services, Washington will subject the entire minimum donation amount to retail sales tax
unless the component subject to retail sales tax
is less than 10% of the entire reward's value.
"One of those purposes," he explains, "is raising the tax consciousness of the average citizen, compared with the low level of tax consciousness that would prevail under a federal retail sales tax
, VAT, or return-free income tax" (p.
We favor shopping by being one of five states without a general retail sales tax
. Retail sales in New Hampshire are about 25 percent higher per capita than in our neighboring states.
In October the Washington State Department of Revenue released the 2011 retail sales tax
But because the VAT is collected at each stage of production--with credits provided against previously paid taxes--it bypasses many of the weaknesses inherent in a traditional retail sales tax
, such as double taxation on certain capital purchases.
I write to object to your objection to the proposed Fair Tax, a national retail sales tax
, as stated in the book review "Cain's Caliber" in your November 21 issue.
Because a VAT ultimately taxes consumption, it is often considered to be similar to a retail sales tax
. However, the nature of a VAT allows it to be imposed on nearly all saleable goods or services, creating a broad base of taxation, while a retail sales tax
typically applies only to sales of tangible goods and specified services.
For several consecutive Congresses, legislation to repeal existing federal taxes on income, payroll, estates and gifts and replace them with a single national retail sales tax
has been introduced as the Fair Tax Act (H.R.
The purpose of this paper is to analyze the effect Washington State's retail sales tax
has on border counties within the state.