4 ms·
That's how most of Europe does VAT: food, cultural and other essential products enjoy a very reduced VAT rate in many (but not all) countries here[1]. [1] http
by lagadu 11y ago
That's how most of Europe does VAT: food, cultural and other essential products enjoy a very reduced VAT rate in many (but not all) countries here[1].
[1] https://en.wikipedia.org/wiki/Value-added_tax#Tax_rates https://en.wikipedia.org/wiki/Value-added_tax#Tax_rates
- rmc 11y agoThere can still be VAT for things poor people buy. Is there chocolate on your biscuit? Then it's "luxury" and you have to pay VAT.
- lorenzhs 11y agoTrue, but at least the price label in the supermarket is the final price you pay, no nasty surprises at checkout. VAT is already included in the advertised price, so you know exactly how much you'll have to pay. Apparently, the same is not true of sales tax in (some states of?) the US. It doesn't say the VAT rate on the label, but you can figure that out from your receipt after solving a bin packing problem :) Receipts contain a listing of the different VAT rates (e.g. in Germany, x€ at 19% and y€ at 7%)
- rmc 11y ago> but at least the price label in the supermarket is the final price you pay, no nasty surprises at checkout Er, that's how nearly everywhere does it. And is irrelevant to whether VAT or income tax should be the main way to raise money
- jkot 11y agoThat is just bullshit. Why books or "revenues from artistic works" has 10% but oil 50% VAT? Most people need heating oil more than paintings.