No Tax on Knowledge
Tuesday, September 25, 2007
THE government’s belated decision not to tax imported books on science and technology is praiseworthy. From October onwards, the public will be able to buy cheaper imported books, although the duty-free classification is currently limited to science and technology books. The more people read imported books, the more transfer of knowledge there is likely to be.
So far, the government has treated books from overseas as luxury items and taxed the
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