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<p>[QUOTE="chrisild, post: 799710, member: 39"]Umm, sales tax in Norway (or what comes closest to a sales tax) is between 7 and 25 percent depending on the product/service. The tax rate in % is of course not rounded; why would anybody want to do that?</p><p><br /></p><p>What they do in NO is round the <i>total amount</i> of a <i>cash</i> payment. The smallest denomination they have is the 50 øre coin, so every <i>cash total</i> is rounded to the nearest multiple of that. And yes, by law that means "up" or "down" depending on what is closest. Non-cash payments are not rounded. Now whether a store adapts the price of a single product, or not, is of course up to the store. In the Netherlands for example (where the 1 and 2 cent coins are legal tender but most stores do round cash totals) prices ending in .48 or .99 are very common.</p><p><br /></p><p>Now prices in Europe are usually end prices, ie. the price tag simply says what the customer pays. But the idea behind rounding cash totals works the same way even when taxes, fees etc. are not indicated until you "check out".</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 799710, member: 39"]Umm, sales tax in Norway (or what comes closest to a sales tax) is between 7 and 25 percent depending on the product/service. The tax rate in % is of course not rounded; why would anybody want to do that? What they do in NO is round the [i]total amount[/i] of a [i]cash[/i] payment. The smallest denomination they have is the 50 øre coin, so every [i]cash total[/i] is rounded to the nearest multiple of that. And yes, by law that means "up" or "down" depending on what is closest. Non-cash payments are not rounded. Now whether a store adapts the price of a single product, or not, is of course up to the store. In the Netherlands for example (where the 1 and 2 cent coins are legal tender but most stores do round cash totals) prices ending in .48 or .99 are very common. Now prices in Europe are usually end prices, ie. the price tag simply says what the customer pays. But the idea behind rounding cash totals works the same way even when taxes, fees etc. are not indicated until you "check out". Christian[/QUOTE]
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