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	<title>CFOsnafu.com &#187; Gross sales receipts</title>
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	<description>Some days it should be legal to keep two sets of books</description>
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		<title>&#8216;Tax increase? We&#8217;ll just take our ball and go home&#8217;</title>
		<link>http://www.cfosnafu.com/tax-increase-well-just-take-our-ball-and-go-home/</link>
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		<pubDate>Mon, 02 Mar 2009 11:00:12 +0000</pubDate>
		<dc:creator>Shane Borer</dc:creator>
				<category><![CDATA["They're saying WHAT is exempt??"]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[Sales and use tax missteps]]></category>
		<category><![CDATA[Banking system]]></category>
		<category><![CDATA[Gross sales receipts]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Sales Tax]]></category>

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		<description><![CDATA[One of the drawbacks of expanding business into other states: more sales taxes to worry about tracking. Of course, you could always take this approach. After the Iranian government planned to implement a new national sales tax, businesses country-wide shut their doors for two days. The new tax would require merchants to pay the government [...]]]></description>
			<content:encoded><![CDATA[<p>One of the drawbacks of expanding business into other states: more sales taxes to worry about tracking. Of course, you could always take this approach. <span id="more-656"></span></p>
<p>After the Iranian government planned to implement a new national sales tax, businesses country-wide shut their doors for two days. The new tax would require merchants to pay the government 3% of their gross sales receipts.</p>
<p>In turn, that would lead to price increases passed on to consumers to make up the losses.</p>
<p>Even though the protest paid off and the government temporarily backed down from the new tax, it&#8217;s only a matter of time until another sales tax measure is introduced. They&#8217;re all part of President Ahmadinejad&#8217;s plan to revamp Iran&#8217;s banking system and tax code, which are considered antiquated.</p>
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