Import Taxes as at August 31 2017
The Tax Recipe
- Quantity
- Butter 250 G
- Flour 300 G
- Milk 60 ML
- Cream Cheese 240 G
- Sugar 170 G
- Eggs 3
- Retail Price (Calculated)
- Butter Rs.578.75
- Flour Rs.27
- Milk Rs.13.20
- Cream Cheese Rs.612
- Sugar Rs.17.85
- Eggs Rs.66.30
- Rs.1315.10
- Tax %
- Butter 38%
- Flour 41.5%
- Milk 38.5%
- Cream Cheese 32%
- Sugar 21.7%
- Eggs 30%
- 35%
Why do we have these taxes?
Two things. First the government spends too much and collects too little in direct taxes. Then there are a bunch of other reasons.
