years ago, letsystems have been highly innovative in adapting to the needs of their local communities in all kinds of ways. In such cases, the businesses are generally encouraged to sell the service or product partly for lets units and partly in the national currency, to allow the payment of all required taxation. Try to make sure the person you are employing is up to the job. Also an on-line exchange platform called Easyswap was developed recently. 2, contents, history edit, michael Linton originated the term "local exchange trading system" in 1983 and for a time ran the. The Directory is where members list the skills, goods and resources they are offering and those they want. Since the details are worked out by the users, there is much variation between schemes.
4, lETS networks facilitate exchange between members by providing a directory of offers (and wants) and by allowing a line of interest -free credit to each. The letsystem Design Manual. This does imply, however, that in situations where national-currency expenditures would be tax-deductible, lets must be as well. World Finance » Trading » Local Exchange Trading Systems. Interview with Juan Esteban Lopez of Venezuela's Network of Exchange Systems, m, Michael Paraskos, 'lets save Greece Cyprus Weekly (Cyprus newspaper ee Helena Smith, 'Euros discarded as impoverished Greeks resort to bartering' in The Guardian (UK newspaper External links edit lets FAQs, by John Croft. John's, Newfoundland Ithaca, New York has been running its Ithaca Hours program since 1991. See also edit References edit a b "letsystems Training Pack (1990).A.
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