🚀 go-pugleaf

On Fri, 06 Dec 1996 02:24:21 GMT, cannet@istar.ca (Brad Morrison)
wrote:

>On 4 Dec 1996 16:57:55 GMT, speirs@chebucto.ns.ca (Robert Speirs)
>wrote:
>
>>Incorrect. Since the cost of very basic expenses for businesses, such as 
>>electricity, will increase, it is easy to predict that all prices will 
>>rise. Economics 101 and common sense.
>
>Actually, since business will get an input credit for the 15% tax on
>all goods/services purchased, this isn't true.  Right now, a business
>gets a credit for the GST on all items consumed by that business,
>however, there is no corresponding credit for PST paid.  When the two
>are blended, businesses will get an input credit for the entire amount
>- meaning, overall, expenses will be lower by the amount previously
>spent on PST.
>
>Brad Morrison
>--
>Brad Morrison                           CanNet@iStar.ca
>President                                 Fax (902) 453-6083
>Can~Net Computer Group        Ph.(902) 488-1700
>Halifax, NS
>Canada


Brad
	I'm not so sure this is true. Are you sure the full 15% will
be refunded on consumption? There are some items that qualify for GST
and there is a PST administration rebate (at about 5%). Did you see
this anywhere?  If so, why is business so upset? This would be a plus
for them, but a minus for consumers, as business would look at the
debit before the credit.

Buzz