Re:Is It Time to Kill the Penny?
by tgb on Tuesday July 14, 2020 @08:32AM
(#23831075)
In what sense would rounding of sales taxes be in the favor of companies? Surely it goes to the government, not the company.
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Re:Is It Time to Kill the Penny?
by frosted-flakes on Tuesday July 14, 2020 @10:25AM
(#23832330)
The rounding takes place at the point of sale, after tax is calculated. Receipts still list the un-rounded price, and tax is also paid on the un-rounded price. So to the government, it's as is if no rounding is taking place.