Title of petition: Say No to VAT on Silver, sign the petition
We the undersigned petition the EU parliament to remove VAT
(Value Added Tax / Sales Tax), throughout the EU, on physical investment silver
bullion bars and coins. These 99.9% fine silver bars and coins are bought for the
purposes of investment, savings and a hedge against inflation. Removing the VAT
on fine silver bullion, (to bring physical investment silver bullion into the same
VAT free status as investment gold / savings accounts / ISA's / bonds / stocks
and all other monetary investment vehicles), will enable the ordinary people of
Europe to once again own real silver as a liquid asset.
Yes the VAT on investment silver is a problem in Europe, and sadly the UK
government (and indeed all individual European Country/State governments) is NOT
ALLOWED (!!) to introduce new zero tax rates! And this has been the case since
power to govern the country began to be handed over to the European empire from
the Treaty of Rome and more pertinently from 1973 onwards (the Common Market!
). This is why we cannot petition 10 Downing Street, as they have NO POWER to
change the situation, we must therefore petition the EU Parliament itself.
This might not be such a bad thing as it was the EU that removed VAT from
investment gold in 1999, and the UK Government was forced to follow suit.
When a substantial number of people have signed we intend to deliver the petition
directly to the EU Parliament, hopefully via a willing MEP (Member of European
Parliament) VAT on silver is NOT equal across Europe. In Germany & Holland legal tender silver
bullion coins such as American Eagles get charged at 6-7% VAT which is less than
half the German/Dutch VAT rate of 19%. In the UK we have to pay 17.5% (and soon
20%) on all silver bullion purchases.
Silver is Money, this is shown in a great number of the world's languages, e.g. £1 = 1
pound (weight) sterling (silver), the French word for money is L'argent, directly from
the Latin for the element silver, argentum, or Ag in the Periodic table.
In The Bible, the Hebrew word "shaqal" sometimes translated "spend" money, means
to weigh, obviously not referring to paper, but a weight of silver or gold.
- In the EU you might be taxed THREE times to own silver as an investment;
- When you earn your PAPER/DIGITAL currency you have paid INCOME TAX
- You then purchase some SILVER MONEY/BULLION with your paper and pay VAT on top
- You might then sell some of your SILVER to get currency again and may have to declare a CAPITAL GAIN TAX !!??
This is not a just situation, especially if other investment vehicles, such as "spread betting" on the markets, is encouraged with the current incentive in the UK of NO tax on profits. If silver was re-monetized and freed from the shackles of VAT the ups and downs of a mostly DEBT based BANKING system would surely have FAR LESS influence on peoples economic situations. Silverbob Proverbs Ch11:1 "False balances are an abomination unto the Lord: but a perfect weight pleaseth him."