does the Gst rate of a country becomes low when they go to wars, thus, lowering the cost of their exports??
2007-06-18 15:04:53 · 2 answers · asked by ... 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
This does not make sense. When a country go to war, they will need more money to fund the war. GST is a venue for collecting money from goods and services. So they will not lower the GST. However they may exempt the GST on export goods.
2007-06-18 22:36:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
GST (General Sales Tax) isn't levied on exports, only on internal sales, so it wouldn't matter what happened to the rate as far as exports were concerned.
Taxes usually RISE during wartime as it costs lots of MONEY to wage a war. (Unless of course your name is Bush. Then you don't have a clue and cut taxes in the face of mounting bills. What a moron.)
2007-06-19 07:30:55 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋