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Considering Europe has a VAT of over 20% (27% in Hungary, 25% in Sweden), I'm thinking the consequences are more manageable than you think.
by refurb 4y ago
Considering Europe has a VAT of over 20% (27% in Hungary, 25% in Sweden), I'm thinking the consequences are more manageable than you think.
- stoolpigeon 4y agoHungary has a VAT of 27% and a flat income tax of 15%. VAT doesn't replace income tax, it complements it. Then there are vehicle taxes, property taxes, and so on.
- refurb 4y agoSure, but is there a reasonable why you couldn't replace a flat 15% income tax with a higher VAT (consumption) tax? I don't see why not.