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Author Previous TopicReplies: 2 / Views: 390Next Topic  
Valued Member
Australia
73 Posts
 Posted 12/09/2022  07:05 am Show Profile   Bookmark this topic Add crok to your friends list Get a Link to this Message
So I am in the Land of Oz . . .

We do not pay Taxes on Gold unless we import it from overseas.


From our very famous unnamed mint I can buy a local untaxed 1/4 oz gold proof coin retailing at AU$ 999 untaxed with free delivery.

OR

From the very famous online auctions site I can buy a slabbed 1/4 gold proof imported and taxed, shipping delivered for AU$1,100 !!!

How does this make any sense?

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United States
26082 Posts
 Posted 12/09/2022  07:11 am  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@crok, I always like to read a good rant, but I needed to lightly edit your post. Please remember to stick with numismatics and avoid politics on this forum. Thx.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Pillar of the Community
United States
779 Posts
 Posted 12/11/2022  2:24 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
What is taxed certainly varies from nation to nation, city to city. Laws are made and sometimes change.

I live in USA. Taxes on precious metals and coins vary from state to state. I live in Nebraska. There used to be a tax here on precious metals and coins. But in 2014 collectors and dealers lobbied the state government. The tax was repealed, now no taxes at all on precious metals or coins, USA made or foreign. So it is possible to make changes if there's enough effort and enough people working toward it.
Edited by livingwater
12/11/2022 2:35 pm
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