4 ms·
Only 10%? Cries in 21% VAT.
by RedShift1 3y ago
Only 10%? Cries in 21% VAT.
- realPubkey 3y ago10% increase, not 10% in total.
- croes 3y ago>The government had introduced a reduced consumption tax rate of 8% for certain products like food and newspapers, besides the standard 10%
- closewith 3y ago23% in Ireland.
- hirako2000 3y agoNorway, Sweden and Denmark takes 25%. Hungary shamelessly demands 27%
- CafeRacer 3y agoLatvia is more like 33%... not even thinking about France.
- jacquesm 3y agoVAT, not income tax.
- seszett 3y agoFrance increased VAT from 19.6% to 20% in 2014, I think it is supposed to increase again to 22% in 2024.
- deleted 3y ago[deleted]
- ComputerGuru 3y agoLatvia seems to be up to 21%? https://www.avalara.com/vatlive/en/country-guides/europe/latvia/latvian-vat-rates.html https://www.avalara.com/vatlive/en/country-guides/europe/lat...
- naillo 3y ago10% increase, not just 10%
- e61133e3 3y ago27% in Hungary
- f1shy 3y agoWhaaaat? Are other taxes lower or non existing?! That is crazy!
- croes 3y agoBut the average wage in Japan is only $39,319
- miohtama 3y agoAnd small businesses have median wages below average.
- croes 3y agoI suspect that the small companies in Japan and Europe are below average by the same factor. In the end it depends on the cost of living and the rents.
- askonomm 3y agoAverage wage in Estonia is way less than that (and I would imagine most of EU's average wage is less than that), at 21,420.78 USD, but we have 20% VAT.
- gunapologist99 3y agoThe people voted for these taxes (or they voted for the people who voted for them). Interestingly, however, increased govt revenue is not correlated with long-term increased economic output or GNP. (Of course, govt revenue will increase temporarily whenever taxes increase.) Most of the highest tax nations have mediocre national output.