alt Hacker NewsThat's not consumption as it applies to sales tax rules. In almost every jurisdiction, raw materials and inventory purchased for resale or industrial processing are exempt from sales tax.
That's not consumption as it applies to sales tax rules. In almost every jurisdiction, raw materials and inventory purchased for resale or industrial processing are exempt from sales tax.
Which is why Value added tax is superior system. Though gold is in some jurisdictions treated different when it is considered investment. But for rest it is like any other metal.