Après le cash, l'or ... aux Indes.
In addition to a 10% import tax on gold, which authorities admit causes smuggling, India recently placed a 3% nationwide goods and services tax on gold that goes into effect on July 1st. Grateful slaves celebrated the event as a “lower than expected rate” and as creating a “common market,” Bloomberg reported when the tax passed:
India fixed the duty at 3 percent over the weekend, lower than the 5 percent expected, Ketan Shroff, joint secretary at the India Bullion and Jewellers Association Ltd., said Monday.
The goods and services tax, to be implemented from July 1, will replace more than a dozen domestic levies including excise tax and state tariffs, drawing India for the first time into a common market.
http://www.zerohedge.com/news/2017-06-25/first-india-bans-cash-now-its-targeting-goldVous remarquerez qu'ils se sont retenus jusqu'aux vacances ...
Mais le but "final" est clair : vous volez.
The government is also keen to get the public to recycle its jewelry to reduce the nation’s reliance on imports.
After a slow start to its plans to monetize the precious metal held in households and institutions, the government is looking to tweak the scheme and attract more participants, the people said, without giving details.
The initiative, launched in November 2015, was aimed at returning an estimated 20,000 metric tons of idle gold to the financial system.
