EU VAT increases as recession bites Richard Asquith Head of TMF VAT & IPT Services
European VAT on the rise
Whilst the UK cut its VAT rate last year to produce a much needed fiscal stimulus the rest of Europe has been rushing through emergency VAT rises to combat spiralling fiscal deficits. This has been part of a long-term strategy increasing revenue share from indirect taxes in favour of company and employment taxes.
VAT — the growth tax
Threatened by low-cost labour countries in Eastern Europe and the Far East the EU trend in the past five...
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EU VAT increases as recession bites Richard Asquith Head of TMF VAT & IPT Services
European VAT on the rise
Whilst the UK cut its VAT rate last year to produce a much needed fiscal stimulus the rest of Europe has been rushing through emergency VAT rises to combat spiralling fiscal deficits. This has been part of a long-term strategy increasing revenue share from indirect taxes in favour of company and employment taxes.
VAT — the growth tax
Threatened by low-cost labour countries in Eastern Europe and the Far East the EU trend in the past five...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
