Trade dollars acceptable for paying tax

Currencies of Barter Companies
Barter companies offer great advantages to small and medium sized businesses. Active membership of a barter company can increase the customer base of a business, sell excess stock and bring new trade.But governments have failed to recognise the alternative currencies of the trade dollars.

The currencies of barter companies currencies would be acceptable in the payment of tax at national level. These are generally referred to as Trade Dollars. The Inland Revenue Department has too long been inflexible in this regard. If they accepted the currency they could easily spend it with one of the members of the barter company. In New Zealand Bartercard has 75,000 members worldwide who could provide goods or services to government. It is time Government supported barter companies.


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