VAT, a fair or unfair "tax tax"?

[phil59]

Pfffff...answers more on the substance than on the form: haven't we had the equivalent of a 150% VAT increase on certain food products in recent months?

On what ?

[Christophe]

Finally!!!

Olive oil, which goes from €5 to €10 per litre, for example...this corresponds to more than 100% VAT!

5/1.055 = €4.74 excluding tax / liter
10 / 2 (equivalent to 100% VAT) = €5 excl. VAT / liter

And here I am nice again: I saw olive oil at more than €12 for 75 cl!

Is it ok or should I continue?

View:

economy-finance/l-inflation-what-just-is-t2178.html



But also:
economy-finance/inflation-and-purchasing-power-which-benefits-the-winners-t5201.html

[Remundo]

You're playing an accounting game, Christophe.

The VAT rate has not changed.

On the other hand it is true that with a strong inflation, the State could lower the rate of VAT to have the same receipts.

For example on 10 €, he took 2€
So if the price excluding tax goes to €20, 10% VAT gives the same tax levied

That said, millions of good-for-nothings are waiting for Providence to pay for their purchases at the new prices... then have to pay the tariff shield, the bullshit in Ukraine and the corrupt Government.
.

[Christophe]

I never said it had changed, I said that current inflation "simulates" the equivalent of a VERY STRONG VAT increase...which can exceed 100% in some cases!

And not Remundo, on 10€ TTC it does not take 2€: it takes 1.67€...

This is a common mistake of most people: the VAT is 20% on the HT not on the TTC...

On €10 including VAT, the VAT at 20% is: 10/1.2 * 0.2 = €1.67

On 10€ TTC a VAT at 100% would be 10/2 * 1 = 5€ and not 100% = 10€...

The generic calculation is:

Price including VAT / ((100 + VAT rate) / 100) * (VAT rate / 100) = VAT collected

[pedrodelavega]

Anyway it remains an unfair tax for the poor:
https://www.humanite.fr/capital-travail ... ste-518971
And if it were to replace everything, the climb would be enormous.

[Christophe]

So you have to remove it on the essential... and multiply it on the futile...

Ah damn the "poor" like futile purchases...

[Remundo]

I never said it had changed, I said that current inflation "simulates" the equivalent of a VERY STRONG VAT increase...which can exceed 100% in some cases!

And not Remundo, on 10€ TTC it does not take 2€: it takes 1.67€...

I simplified, but that does not change the substance of my remarks.

You know the VAT I calculate the ct€ every day for syco.

Besides, I was talking about price excluding VAT in my message.

[Christophe]

Yes it doesn't matter but I explained for the others then!

Well, you should ask Bruno Lemrde and all these crazy politicians: how much € represents 20% VAT on a product at €100 including tax...and I'm nice, I'm simplifying by taking €100...

I am convinced that 90% will be wrong, see more!!

[Remundo]

the VAT is worth in concise formula: Price incl. VAT x (1 - 1/1,2)

the .2 corresponds to 20%, if it was 15%, we would put 1,15.

an approximate calculation, it is 15% of the tax included.

Nono La Mrd didn't know what a 1 ha was when he was an agricultural disaster. Among other blunders well threaded.

For memory :

younger, but bullshit intact.

This kind of puppet will sink the Russian economy, with a thermostat at 19°C and a turtleneck.

[phil59]

Finally!!!

Olive oil, which goes from €5 to €10 per litre, for example...this corresponds to more than 100% VAT!

5/1.055 = €4.74 excluding tax / liter
10 / 2 (equivalent to 100% VAT) = €5 excl. VAT / liter

And here I am nice again: I saw olive oil at more than €12 for 75 cl!

Is it ok or should I continue?

View:

economy-finance/l-inflation-what-just-is-t2178.html



But also:
economy-finance/inflation-and-purchasing-power-which-benefits-the-winners-t5201.html

I'm sorry, it's not a VAT increase, the VAT remains the same!

Do you think the stores are gorging themselves on this?

Where I work, we calculate an "opus" index, which is worth what it is worth, but "we are not allowed to be more expensive on average" than other "local" competitors, and even 4% mini , cheaper than others.

Kwaks, yes, there are, but an average remains an average.

But it's a product for a product, and to avoid "scams", there is a list of typical products, among the most sold, or on average, you must be the cheapest.

On our retail brands, it's worse than that, it's a weighted average.