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excise taxes, corporations, natural-persons (us)
OK at http://natural-Person.ca/excisetax.html i excerpt the following:
Quote:
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Originally Posted by excisetax.html
The Excise Tax Act requires all CORPORATIONS to collect and remit Goods and Services Tax (GST/HST) on all "taxable transactions." All transactions between corporations are taxatable as they are created under Statute Law. Therefore, all transactions between Incorporated Companies and artifical-persons are taxable."
Transactions between natural-persons and CORPORATIONS are non-taxable unless the natural-person decides to make it a taxable transaction by contracting with the CORPORATIONS. This is typically done verbally or by paying the tax and/or accepting the receipt as proof of the taxable transaction.
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Now, first, now that the site headline says "for Canadians and Americans" and I believe, while there are no cites to any UNITED STATES cites, I believe we should be investigating the possibilility of the author's premise being true also for us down here.
Off the top of my head, I can't think of any supporting cites and I've never heard of this statement in context of Federal Law.
What say you all?
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Last edited by idknow : 01-11-2006 at 01:26 PM.
Reason: fix html
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