Thursday, May 21, 2009

Potato chips

I just read today that a British Court of Appeal ruled that Pringles' potato chips are indeed "potato chips" thus making the chips subject to the UK's 15% Value Added Tax (VAT).

In the UK most food is exempt from VAT but chips are not so clearly the government had a lot on the line here in terms of potential lost revenues!!

What an amazing world we live in when the court system has the added burden of determing what is and is not a taxable food item. A better world would be one in which all food, clothing, and shelter (yes - that means no more property taxes folks) are codified as tax exempt thus ensuring that Maslow's basic needs for human survival are not priced out of reach for our poorest citizens.

Reminder to readers -- I primarily blog here now: www.regularfolksunited.com

Todd

34 comments:

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