Basic Necessities
Nacho and I went to the bookstore today to find a gift for his aunt. I noticed on the receipt that the IVA, or VAT or sales tax, was only 4% - the "super-reduced" rate reserved for objects of primary necessity. Here they consider the books to be of the same importance as bread and milk. You've got to love that.
That is fabulous!
ReplyDeleteIf we adjusted our tax base in the US, I might fear that books would get the luxury tax:(