2 ms·
Hmm. You say "tax break" but I could argue split VAT results in the opposite: a hike in consumption tax. The base VAT rate can be set higher if the VAT on desir
by kqr 1y ago
Hmm. You say "tax break" but I could argue split VAT results in the opposite: a hike in consumption tax. The base VAT rate can be set higher if the VAT on desirable consumption is lower. I.e. it's not that rich people pay less tax for books -- it's that rich people pay more tax for non-books!
- kgwgk 1y agoDenmark already has one of the largest VAT rates in the EU (25%) - only surpassed by Finland (25.5%) and Hungary (27%). (I guess you may also argue that those two countries have reduced rates and that proves your point!)