Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Tax on coins
>
Reply to Thread
Message:
<p>[QUOTE="satootoko, post: 72498, member: 669"]In the U.S. sales tax law is purely a state issue, and in some states it even varies from county to county. In other countries it is sometimes a question of national law, sometimes a question of state/provincial law, and (like Canada) sometimes a mix of both. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> </p><p><br /></p><p>With 50 states, a dozen or so Canadian provinces/territories, and hundreds of other countries, <u>no one</u> can give you a definitive answer that's always true. Most foreign internet sellers don't charge U.S. buyers sales (aka "VAT" aka "GST" aka ???) tax on coin purchases, nor do most U.S. sellers. However a business with a location in the same state as the buyer is very likely to apply that state"s law, whether it exempts coin sales in full, selectively exempts them based on dollar value, or imposes full tax on them. That's because the Supreme Court has upheld the right of a State to tax any business with a location in the state, or with certain other ties to the state. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> </p><p><br /></p><p>For more details, go sign up at your local law school to take a course in taxation, which will devote a substantial period of time to sales tax issues. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 72498, member: 669"]In the U.S. sales tax law is purely a state issue, and in some states it even varies from county to county. In other countries it is sometimes a question of national law, sometimes a question of state/provincial law, and (like Canada) sometimes a mix of both. :eek: With 50 states, a dozen or so Canadian provinces/territories, and hundreds of other countries, [u]no one[/u] can give you a definitive answer that's always true. Most foreign internet sellers don't charge U.S. buyers sales (aka "VAT" aka "GST" aka ???) tax on coin purchases, nor do most U.S. sellers. However a business with a location in the same state as the buyer is very likely to apply that state"s law, whether it exempts coin sales in full, selectively exempts them based on dollar value, or imposes full tax on them. That's because the Supreme Court has upheld the right of a State to tax any business with a location in the state, or with certain other ties to the state. :o For more details, go sign up at your local law school to take a course in taxation, which will devote a substantial period of time to sales tax issues. ;)[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Tax on coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...