Explain to the dummy what VAT is/means please?PBAsydney wrote:
It's called VAT.ShawN_ wrote:
Why buy something that was originally better and then downgraded i will wait ½ a year when vista becomes better than XP and Crysis comes out
Here's what Wiki brought up:ShawN_ wrote:
Explain to the dummy what VAT is/means please?PBAsydney wrote:
It's called VAT.ShawN_ wrote:
Why buy something that was originally better and then downgraded i will wait ½ a year when vista becomes better than XP and Crysis comes out
http://en.wikipedia.org/wiki/VATWikipedia wrote:
Value added tax (VAT) is tax on exchanges. It is levied on the value added that results from each exchange. It differs from a sales tax because a sales tax is levied on the total value of the exchange. For this reason, a VAT is neutral with respect to the number of passages that there are between the producer and the final consumer. A VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer). To avoid double taxation on final consumption, exports (which by definition, are consumed abroad) are usually not subject to VAT and VAT charged under such circumstances is usually refundable.
Inimicus_7 wrote:
So when do we think the 8900/8950 is coming out? I have big ambitions involving SLi.
doesn't make sence to me... But ThanksSmithereener wrote:
Here's what Wiki brought up:ShawN_ wrote:
Explain to the dummy what VAT is/means please?PBAsydney wrote:
It's called VAT.http://en.wikipedia.org/wiki/VATWikipedia wrote:
Value added tax (VAT) is tax on exchanges. It is levied on the value added that results from each exchange. It differs from a sales tax because a sales tax is levied on the total value of the exchange. For this reason, a VAT is neutral with respect to the number of passages that there are between the producer and the final consumer. A VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer). To avoid double taxation on final consumption, exports (which by definition, are consumed abroad) are usually not subject to VAT and VAT charged under such circumstances is usually refundable.