PPRuNe Forums - View Single Post - Tourism deficit "wiped out" by pre-holiday spending?
Old 20th Jul 2012, 06:54
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Alycidon
 
Join Date: Feb 2005
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The annual trip abroad is a net import because most of the money is spent abroad, it is taxed accordingly.

A lot of the pleasure of travel is the anticipation, hence the retail therapy in the weeks leading up to the trip.

A win win situation for the taxman.
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