[wsfii-discuss] Worldchanging article on Complementary currencies

[Mike Ryan]

Just curious, but how do you account for taxation in these systems? ie, if the
pizza shop sold a pizza for 2 limes and that pizza was eaten on thre premises,
then he owes 17.5% vat on transaction, plus a potential %age of any profits in
corporation tax at the end of the year. How do these systems interact with the
govt revenue collection systems?

Quoting Mamading Ceesay <mamading at gmail.com>:

> On 06/10/05, piksieben at gmail.com <piksieben at gmail.com> wrote:
>>
>> Basically this was simply a transfer of power from me to the issuers of
>> Limes. That's not good at all. Well if it was more than 5 quid that is,
>> plus the food was actually okay, so I'm not *really* complaining but
>> just trying to make a point. :)
>>
>
> This particular configuration of the Lime was as a one-off event
> currency which was put together in a remarkably short amount of time
> with a great deal of hard work on the part of Greenman.  As such, it
> had self-evident limitations.  Keith Hart touched on this during the
> CC panel.
>
> What if the Lime was accepted by all shops, restaurants and pubs in
> the area?  Would you have perceived it as a transfer of power then?
> The point of the Lime is that the WSFII organisers weren't happy with
> just having a discussion of CC on the panel, they wanted to give
> people an approximate real world taste of what using CC can be like.
> Just as people were able to get on the free wireless network at the
> town hall.
>
> --
> Mamading Ceesay
>
> "Isn't a state that keeps files on innocent persons a police state?"
> -- David Mery - Innocent In London http://gizmonaut.net/bits/suspect.html
> Radio Interview with David Mery
> http://radio.indymedia.org/news/2005/09/6963.php
>
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>
>



Regards

Mike Ryan

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