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That is running away... You have a chance to show me that I am wrong. Financial Services itself is exempted, that is in the section of the VAT ACT.Umm...Ignore List.
LMFAO... So now suddenly SARS does collect VAT once something is stolen? Eish!SARS has the option of collecting VAT on a monthly basis from the premiums paid by the end-user, or exempt the premiums from VAT and only collect the VAT once an actual loss take place. As financial advisor you should realise that.
Did you actually read what I typed ?LMFAO... So now suddenly SARS does collect VAT once something is stolen? Eish!
Ugggh...you can only debate if both parties believe they have an obligation to answer questions, not only critize like in your case...NoRulez, don't bother trying to debate with it, it changes its tact the second it realises its been painted into a corner by its statements.
Hmmm... which brings us back to the original post... da guvamunt still makes more money whenever theft claims take place.The method favours the consumer going without claims...logical... uggghhh
Ugggh... failure in basic logic... less crime, less money used on exempted services such as insurance, more money used on vatable goods=more VAT money for the state and a happy nation...Hmmm... which brings us back to the original post... da guvamunt still makes more money whenever theft claims take place.
Simple pre-school math:
More theft claims = more insurance payouts = more VAT money for da guvamunt
Looks like they still gain from theft.
Never underestimate the enemy...listen to this advertisement on SABC:I have not a F'ing clue what any of you are on about
Anyway I agreed with another earlier post that even if Government are trying to benefit in this way the negative impacts of crime far outweigh what they gain in the short term.
But then again just look at our Government and you wonder if they really know this or can even comprehend that logic. As I similarily stated in another thread I would not trust this Government to run a car wash nevermind a country. Once again that's just IMO
Read thisLOL Some peeps here are too ashamed of their roots/homeland to even show it in their profiles... figures...
... and at least I've learned to spell believe.