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I am thinking you would pay a bit more at payment time, and so...

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pauljbo470

11,951 Posts.

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14/07/22

10:57

Post #: 62530987
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Originally posted by RecycledPaper ↑

i think i understand your intent with a "transaction tax". ($transfer tax)

but so i may understand better...... if i put $10 of fuel in my car would i "transfer" to the service station more than $10 (a little bit more to include the tax taken), or would the service station get less than the $10 (a small amount taken out as transfer tax)? ...... or would i get taxed on the "transfer" at a later date?... or would the service station pay the "transfer tax" later on as they got the money ?

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I am thinking you would pay a bit more at payment time, and so would the servo when they shift the money or use it.
So your extra tax wouldnt go to the servo, it could be straight to the treasury. We have the tech.

I dont know if this guys numbers are solid, but it has the general concept.
There are other proposals you can see as well on other sites

http://fnq.cc/financial_transaction_tax.html#:~:text=The FTT Formula is simply,system into the National Treasury.

Last edited by pauljbo470: 14/07/22
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