3 ms·
Value-added tax means it's baked into the purchase price. Buy a $5.50 cup of coffee? You get charged $5.98 (after the existing 8.75% sales tax) and the mercha
by bsimpson 7y ago
Value-added tax means it's baked into the purchase price.
Buy a $5.50 cup of coffee? You get charged $5.98 (after the existing 8.75% sales tax) and the merchant gets $5 (because 10% of the advertised price is VAT).