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<p>[QUOTE="iPen, post: 2041851, member: 69760"]I don't think rounding would be that bad of an idea, if the rest of the world hasn't had much push back in its use. We (US) already do that with gas at the pump.</p><p><br /></p><p>In fact... maybe after its implementation there should also include tax on advertised prices, since businesses may be taking advantage of rounding up. For example, businesses may be advertising an amount <i>before</i> sales tax that's always at the lowest threshold <i>after</i> tax (e.g. $1.03 or $1.08) allowing businesses to make an extra $0.02 per transaction (of course, things like volume of transactions, the psychology of "$0.99" pricing and its impact on net profits over disregarding it in favor of gaining $0.02 per transaction, who gets the rounded up value by law, etc. needs to be considered). Tax is already included for gas at the pump and in many VAT countries (though of course, VAT and the US sales tax system are very different, just pointing out that I've noticed some VAT countries I've traveled to embed the tax into the advertised price).[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2041851, member: 69760"]I don't think rounding would be that bad of an idea, if the rest of the world hasn't had much push back in its use. We (US) already do that with gas at the pump. In fact... maybe after its implementation there should also include tax on advertised prices, since businesses may be taking advantage of rounding up. For example, businesses may be advertising an amount [I]before[/I] sales tax that's always at the lowest threshold [I]after[/I] tax (e.g. $1.03 or $1.08) allowing businesses to make an extra $0.02 per transaction (of course, things like volume of transactions, the psychology of "$0.99" pricing and its impact on net profits over disregarding it in favor of gaining $0.02 per transaction, who gets the rounded up value by law, etc. needs to be considered). Tax is already included for gas at the pump and in many VAT countries (though of course, VAT and the US sales tax system are very different, just pointing out that I've noticed some VAT countries I've traveled to embed the tax into the advertised price).[/QUOTE]
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