How blockchain is disrupting government processes in New York

Published on August 17, 2021

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Assembly member, Clyde Vanel, serving the 33rd Assembly district of Queens, NY on the importance of blockchain in government.

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Why Public Blockchain, How blockchain is disrupting government processes in New York.

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In Canada, exports are “zero-rated” sales for G.S.T. purposes. This suggests that when you deliver a product to someone outside Canada, you do not charge G.S.T. Yet, you get to claim (or deduct from the G.S.T. collected by you) all the “input tax credits” (G.S.T. that you paid for organization functions) to make that export. The idea, I suppose, is to motivate Blockchain Technology exporting.

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