Reply To: 10 septembre : Activision sells more than $ 500 mio of Destiny on Day One !

ACCUEILForumsUBISOFTRevue de presse10 septembre : Activision sells more than $ 500 mio of Destiny on Day One !Reply To: 10 septembre : Activision sells more than $ 500 mio of Destiny on Day One !

#3293
BESSOU34
Participant

In the United States, currently (2013), there is no federal value-added tax (VAT) on goods or services. Instead, sales tax is common in most US states.

The state of Michigan used a form of VAT known as the « Single Business Tax » (SBT) as its form of general business taxation. It is the only state in the United States to have used a VAT. When it was adopted in 1975, it replaced seven business taxes, including a corporate income tax. On 9 August 2006, the Michigan Legislature approved voter-initiated legislation to repeal the Single Business Tax, which was replaced by the Michigan Business Tax on 1 January 2008.[10]

The state of Hawaii has a 4% General Excise Tax (GET) that is charged on the gross income of any business entity generating income within the State of Hawaii. The State allows businesses to optionally pass on their tax burden by charging their customers a quasi sales tax rate of 4.166%.[11] The total tax burden on each item sold is more than the 4.166% charged at the register since GET was charged earlier up the sales chain (such as manufacturers and wholesalers), making the GET less transparent than a retail sales tax.

Discussions about a national US VAT
Soon after President Richard Nixon took office in 1969, it was widely reported that his administration was considering a federal VAT with the revenue to be shared with state and local governments to reduce their reliance on property taxes and to fund education spending.