| 单词 | value-added tax |
| 例句 | The gallery sought to declare the works as art, which is subject to a 5 percent value-added tax, significantly less than the standard rate, which in Britain will be 20 percent as of Jan. 1. ArtsBeat: Is It Art, or Is It Lighting? 2010-12-23T19:04:48Z The payments problem, according to the trade publications, stems from a dispute over a new 2 percent value-added tax in China. Dispute Blocks Hollywood’s Share of Chinese Box Office 2013-07-30T01:10:45Z It allows collectors to sidestep the 17% value-added tax imposed on art and the customs duty on works brought into the country. Shanghai is racing to become China’s cultural capital 2016-11-24T05:00:00Z These efforts include simplifying Spain's value-added tax refund system from foreigners and promoting Madrid's shopping credentials with Chinese bloggers, many of whom were invited to tour the sights last year. From stained glass to stylists, Spain bids to be global shopping hub 2017-02-10T05:00:00Z Foreign visitors who pay for their lodging with an international debit or credit card — not cash — now receive a direct and automatic refund of the country’s 21 percent value-added tax. Visiting Argentina Gets Less Expensive 2017-06-29T04:00:00Z Thanks to the changes, the share in the banking system jumped to 90 percent, leading to record value-added tax collections, the Argentine government’s most important revenue stream. Argentina beat the odds, will revive its economy 2018-10-16T04:00:00Z “Prior to last year, the Spanish government used to apply a 7 percent value-added tax when someone bought a berth,” he explained. Special Report: Yachting: Barcelona Becomes a Hub for Superyachts 2011-03-22T13:01:16Z In many European countries, including Sweden, Ireland and Hungary, the value-added tax on a printed book is negligible or waived, while the same book’s digital version is taxed at more than 20 percent. Taxes on Digital Books Are Called Unfair 2015-07-29T04:00:00Z Dozens of countries tack a value-added tax onto purchases and then turn around and refund the amount to the foreign traveler. Gimme back my VAT! The VAT, or value-added tax, is a charge added to goods and services purchased abroad, with some exceptions — restaurant meals and hotel stays, for instance. Gimme back my VAT! But there’s an asterisk, and in the fine print, the company notes that it doesn’t include a value-added tax of $295 per person. The too-good-to-be-true prices in glossy travel brochures are often just that 2016-09-15T04:00:00Z Taxes play a supporting role - there is a 25 percent value-added tax on most products, for example - but the real reasons are labor costs and agricultural protectionism. Frugal Traveler Blog: Scandinavia on $125 a Day 2012-08-24T18:02:01Z Instead he used the occasion to criticize the government for slashing library budgets and raising the value-added tax on cultural goods like cinema tickets from 8 to 21 percent. Javier Marias Finds Popularity on the Rise in Britain and the U.S. 2014-09-25T04:00:00Z The determination was made in response to an Irish Subway franchise owner who challenged the European nation’s value-added tax, according to a report from the Irish Times. Subway's bread doesn’t fit the ‘statutory definition of bread,' court says 2020-09-30T04:00:00Z He slashed income taxes for the highest earners, began refunding some of a value-added tax levied on food purchases, unveiled fresh payments for pensioners and unemployed people, and announced bonuses for millions of workers. Argentina’s Peronist machine is in high gear to shore up shaky votes before the presidential runoff 2023-11-16T05:00:00Z Supporters of night trains are pushing for more state help to compete against budget airlines, such as a value-added tax exemption on cross-border routes and lower track access charges. New routes, old coaches: Europe's night trains struggle to pick up speed 2023-11-03T04:00:00Z “We have eliminated value-added tax on exported services and the tax on stock-based compensation for employees of startups, as well as the domestic equity requirement for ICT companies,” he said. In San Francisco, Kenya’s president woos American tech companies despite increasing taxes at home 2023-09-15T04:00:00Z On Friday, an appeals court lifted a suspension placed on a law that would double value-added tax on fuel and introduce a new housing levy. Kenya's government and opposition agree to talks after protests 2023-07-29T04:00:00Z The new finance law has raised the price of fuel to its highest as the government implements a doubling of value-added tax on petroleum products to 16%. At least 4 injured in Kenya anti-government protests as schools remain closed 2023-07-19T04:00:00Z If approved by the Senate, the reform will merge the five main levies into two value-added taxes: one federal and another to be shared between states and municipalities. Brazil’s lower house finds compromise in a major reform of the country’s ‘dysfunctional’ tax system 2023-07-07T04:00:00Z Measures introduced to help Ukraine's economy weather Russia's invasion, launched on Feb. 24, 2022, have included lowering value-added tax on profits for some businesses and lower tax rates for some private entrepreneurs. Ukraine plans to restore pre-war tax system by July -Finance Minister 2023-06-22T04:00:00Z While the United Nations classifies access to water as a basic human right, the South African government charges a 15% value-added tax or VAT on the piped supply of water to homes. Electricity crisis spurs spread of cholera in South Africa 2023-06-07T04:00:00Z It has also declared it would not raise the overall tax burden by more than 30 billion crowns, including increasing the value-added tax on some items. Czech government must dig deeper with budget consolidation - watchdog 2023-04-18T04:00:00Z Czech Finance Minister Zbynek Stanjura wants to overhaul the value-added tax system, raising VAT on some items including hotels, water, beer and heating, as it seeks to lower the budget deficit, state TV reported. Analysis: Japan's upbeat wages may keep new BOJ chief on hook for policy tweak 2023-04-11T04:00:00Z ANO justified the no-confidence vote due to the government's refusal to discuss issues such as a shortage of some medicines, financing social aid or plans to change the value-added tax in parliament. Czech government survives no-confidence vote 2023-01-19T05:00:00Z It also suspended value-added taxes on food, gas and fertilizer as a way to soften the blow of rising prices. Surging prices imperil Polish govt ahead of vote next year 2022-12-20T05:00:00Z Overseas visitors to London have not been able to claim back value-added tax on shopping since the end of 2020 following Brexit, putting the city's upmarket stores at a disadvantage to rival European cities. Burberry's London stores lose out as tourists head to tax-free Paris, Milan 2022-11-17T05:00:00Z Under pressure from her promises of tax cuts, he said he would temporarily suspend the value-added tax, a sales tax, on energy bills — something that he had earlier rejected. Sunak Faces Political Test of His Career: Unify Party, Fix the Economy 2022-10-25T04:00:00Z The court’s intensive deliberations ultimately favored the maker of the marshmallows, Innovative Bites Limited, which was allowed to sell Mega Marshmallows with a 0 percent value-added tax, or VAT, which is similar to sales tax. The Purpose of Extra-Large Marshmallows? A U.K. Court Weighs In 2022-10-08T04:00:00Z She is helped by the fact that the surge in oil and gas prices is boosting revenues from value-added tax and excise duties, leading to a lower-than-expected budget deficit this year. Double digit inflation looms as first headache for Italy's Meloni 2022-09-30T04:00:00Z It’s part of a law already passed by parliament, but requiring voter approval, that also would involve raising the country’s value-added tax to help replenish funds in the Swiss pension system. Swiss voters OK plan to raise retirement age for women to 65 2022-09-25T04:00:00Z It’s part of a reform already passed by parliament, but requiring voter approval, that also would involve raising the country’s value-added tax to help replenish funds in the pension system. Swiss mull animal welfare, women’s pensions in weekend votes 2022-09-24T04:00:00Z It later moved to lower value-added tax on gas from 19% to 7% until the end of March 2024 in an effort to make up for the effect of the surcharge. German government could raise stake in gas supplier Uniper 2022-09-14T04:00:00Z Instead, the sector suggests that the government reduce value-added tax on some products. Spain's retailers shun government proposal to freeze basic goods prices 2022-09-12T04:00:00Z The government later moved to lower the value-added tax on gas from 19% to 7% until the end of March 2024 in an effort to make up for the effect of the surcharge. German gas importer VNG seeks help from government 2022-09-09T04:00:00Z Streeter said targeted support could also benefit hospitality and retail, especially if Truss delivers pledges to cut value-added taxes and business rates. The pound, bonds and energy: the winners and losers under British PM Truss 2022-09-06T04:00:00Z Sunak, who sought to paint himself as the more realistic economist, said he would temporarily cut the value-added tax on energy bills. Britain to learn who will succeed Johnson as prime minister 2022-09-04T04:00:00Z Another proposal is to reduce the value-added tax, a type of sales tax, which is reportedly being considered by Liz Truss, the foreign secretary. Britain’s Pubs Are Threatened by ‘Alarming’ Rise in Energy Bills 2022-09-03T04:00:00Z China’s fiscal revenue rose in June due to easing COVID-19 restrictions with 25 provinces seeing growth in revenue, after a decline in April and May due to value-added tax credit rebates, the ministry said. China pledges to lift economy with stable employment, prices in H2 2022-08-30T04:00:00Z The government is seeking ways to soften the blow through financial assistance for poorer households and a proposed break on value-added tax. Germans face higher bills as tax aids natural gas importers 2022-08-15T04:00:00Z Sunak said last week every household would get savings of around 200 pounds on their energy bills with a reduction in value-added tax. Britain’s opposition Labour Party to demand energy price cap freeze 2022-08-14T04:00:00Z Mr. Olivier said that his party would try to push through legislation on its favorite themes, including lowering value-added taxes on energy and essential goods, drastically reducing immigration and increasing police powers. France’s Far-Right Surges Into Parliament, and Further Into the Mainstream 2022-06-26T04:00:00Z Swiss voters are already scheduled to decide on Sept. 25 whether to approve the government's own plan, which would unify the retirement age at 65 and raise value-added tax rates to help fund state pensions. Swiss cabinet opposes campaign to link retirement age to lifespan 2022-06-22T04:00:00Z Ensuring affordable energy supply amid the war in Ukraine and extending the reduction on value-added tax for hotel food are also essential for the industry to thrive, said Zoellick. COVID mistakes can't be repeated this winter, says German hotel industry 2022-06-21T04:00:00Z Make UK said it wanted a 12-month reduction in business property taxes, value-added tax waivers, reductions in energy taxes and an extension of the investment 'super-deduction' that will soon expire. UK manufacturers decry government 'gimmicks', want tax cuts 2022-06-19T04:00:00Z Mr. Mélenchon’s supporters say the government is secretly planning to increase the value-added tax in order to reduce the country’s deficit, an assertion that Mr. Macron’s alliance has called a falsehood. It’s Macron vs. the Left in a Fierce Battle for France’s Parliament 2022-06-19T04:00:00Z Companies with more than 50% Russian ownership can be included on Russia's register of domestic software, allowing them to take part in state procurement processes and access some benefits in the application of value-added tax. Tech firms request inclusion on Russia's domestic software list -RBC 2022-06-08T04:00:00Z "The incentives created for imports in the form of the abolition of import duties and value-added tax deprive Ukrainian producers of an advantage," he wrote in a column on the ZN.UA news website. Ukraine rebases businesses from war front to shield vital producers 2022-06-06T04:00:00Z Ms. Montero, the equality minister, failed to push through a proposal to remove value-added tax on the sale of sanitary pads and other related products. Spain Considers Paid Time Off for Women With Severe Period Symptoms 2022-05-17T04:00:00Z She has promised to cut the value-added tax to zero from 5.5 percent on 100 “essential goods” as a response to the rising cost of living. Macron and Le Pen Trade Punches in Pivotal Debate on France’s Future 2022-04-20T04:00:00Z Apple will charge a 27% commission on the price paid by the user, net of value-added taxes. Apple will allow Dutch dating apps to use other payment options within existing apps 2022-03-30T04:00:00Z The removal of value-added tax this month on purchases of the yellow precious metal has further bolstered demand, a spokesperson added. Russian gold miners dig for ways to overcome Ukraine impact 2022-03-30T04:00:00Z "Currently, households' demand for buying physical gold in bars has increased, driven, in particular, by the abolition of value-added tax on these operations," the central bank said in a statement. Russian c.bank halts purchases of gold from banks to meet household demand 2022-03-15T04:00:00Z In a bid to bring some relief, the government last month reduced value-added tax on basic food to 1%, from the previous 8%. Turkey’s inflation hits 54%, deepening cost-of-living woes 2022-03-03T05:00:00Z The government also announced last weekend that it was reducing a value-added tax on food products to 1 percent from 8 percent. Soaring Energy Bills Deepen Crisis for Turks, and Erdogan 2022-02-19T05:00:00Z The only tax collected there will be the value-added tax, half of which will be used to pay the municipal bonds and the rest for municipal infrastructure and maintenance. El Salvador to build cryptocurrency-fueled “Bitcoin City” 2021-11-21T05:00:00Z The sultanate has begun measures in the past year to fix its finances, including the introduction of a value-added tax and the decision to work with the IMF to develop a debt strategy. S&P revises Oman outlook to positive on higher oil prices, reforms 2021-10-02T04:00:00Z In June, the government reduced the value-added tax paid on electric bills to 10 percent from 21 percent. Spain moves to reduce rising electric bills. 2021-09-14T04:00:00Z “We will not touch the issue of the VAT tax,” he said, referring to the value-added tax that tends to have a greater impact on lower-income people. Ecuador reaches new deal with IMF, will receive $1.5 billion this year 2021-09-09T04:00:00Z The administrative and economic efficiency of such taxes is one reason that European welfare states tend to raise a lot of revenue from consumption-based, value-added taxes, and comparatively little from wealth taxes. Opinion | Raising taxes on the wealthy won’t magically fix our inequality problem 2021-06-15T04:00:00Z Milan prosecutors allege that a “transportation and logistics multinational” in Italy failed to pay value-added taxes and pension contributions due for staff, police said on Monday, by relying on contractors instead of hired workers. DHL's Italian subsidiary investigated for tax fraud 2021-06-07T04:00:00Z The Confederation of British Industry said value-added tax on electric cars and the cost of using public chargers should be cut from the standard 20% rate. Cut tax on electric cars and low-carbon building refits: UK employers 2021-03-11T05:00:00Z Businesses are demanding Sunak keep other lifelines, such as exempting the firms hardest hit by the lockdown from property taxes and giving them a value-added tax cut. UK's Sunak to build bridge to recovery with more spending 2021-02-24T05:00:00Z Two years ago, the government attempted what economists describe as a fiscal Band-Aid: a new value-added tax and limits on salary increases for state workers. As spending climbs and revenue falls, the coronavirus forces a global reckoning 2021-01-10T05:00:00Z Under another, India replaced its welter of national and state taxes with a single value-added tax, in part to cut down on corruption among tax collectors. India’s Economy Shrinks Sharply as Covid-19 Slams Small Businesses 2020-11-27T05:00:00Z Inflation was minus 0.3% in September, partly a result of temporary measures such as a value-added tax cut in Germany but also a sign of weaker than optimal demand. European Central Bank holds off on strengthening stimulus 2020-10-29T04:00:00Z It has nonetheless tripled a value-added tax, suspended a cost of living allowance, and announced spending cuts in non-priority areas. Gulf's fiscal diet risks deeper pain amid oil price uncertainty 2020-09-14T04:00:00Z The fall in the consumer price index is mostly due to temporary factors such as a cut in German value-added tax and the slashing of prices by hotels, said Oliver Rakau at Oxford Economics. Falling prices flash warning light for Europe’s economy 2020-09-08T04:00:00Z The government hopes the unprecedented subsidy, along with cuts to value-added tax for the hospitality sector, will help to reduce job losses at restaurants, cafes, bars and pubs which employ 1.8 million people. UK diners snap up state-subsidised quinoa and steak 2020-08-04T04:00:00Z There is no doubt that the reduction in value-added tax has contributed to the extremely positive progress. Rising US-China tensions weigh on markets as Covid-19 economic costs mount – business live 2020-07-23T04:00:00Z Deutsche Bahn cut long-distance ticket prices at the beginning of this year when the German government reduced value-added tax on train tickets as part of a package of measures aimed at combating climate change. German railway orders 30 high-speed trains for $1.1 billion 2020-07-15T04:00:00Z In Germany, families are heading to malls to buy new appliances after the government lowered the value-added tax to stimulate sales. As Europe’s Economies Reopen, Consumers Go on a Spending Spree 2020-07-14T04:00:00Z To raise state revenue, Saudi Arabia tripled taxes on basic goods and services this month, increasing value-added tax to 15%. IMF: Mideast loses $270B oil income amid virus, recession 2020-07-13T04:00:00Z The government’s significant reforms included floating the currency, slashing key subsidies and imposing a value-added tax. Egypt secures $5.2 billion IMF loan amid coronavirus fallout 2020-06-26T04:00:00Z However, Johnson promised before 2019’s election not to raise the rates of income tax, value-added tax or national insurance, the three biggest sources of revenue. Explainer: How will Britain pay for coronavirus borrowing? 2020-06-09T04:00:00Z The package, which follows a 750-billion-euro rescue package agreed in March, includes a temporary cut in value-added tax, cash handouts for parents, more funds for small firms and bigger incentives to buy electric cars. Germany finally splurges, but not without fresh criticism 2020-06-04T04:00:00Z After oil prices dropped in 2014, the government cut some subsidies and in 2018 introduced the value-added tax, preparing Saudis for the day when they would rely on private-sector income, not oil largess. Saudi Arabia’s Big Dreams and Easy Living Hit a Wall 2020-05-16T04:00:00Z Indonesia currently charges a 10% value-added tax on sales of most products and services. Indonesia to impose VAT on streaming, other digital services from July 2020-05-15T04:00:00Z Imports of donations including ambulances and disinfectant products will also be exempt from tariffs, value-added tax and consumption tax, the finance ministry said. Factbox: China takes major steps to prop up coronavirus-hit economy 2020-02-10T05:00:00Z These now include all customs revenues, a small cut of national value-added tax and fines the EU imposes. EU goes into meeting frenzy ahead of February 20 summit on next seven-year budget 2020-02-07T05:00:00Z The introduction of a nationwide value-added tax soon after — a step economists praised in principle but criticized for its botched rollout — didn’t help. India’s once fast-growing economy is in distressing shape. Does the government have a plan? 2020-02-01T05:00:00Z Imports of donations including ambulances and disinfectant products will also be exempt from tariffs, value-added tax and consumption tax, it said. China to exempt taxes for imports of products related to virus control 2020-02-01T05:00:00Z It recently agreed to cut a value-added tax for train tickets, reducing the cost of long-distance journeys by about 10%. German government signs $96 billion rail infrastructure plan 2020-01-14T05:00:00Z Germany will raise its tax on flights to domestic and European Union destinations beginning in April, while the value-added tax on train tickets will be reduced in January. The Nightjet: A Big Bet on Train Travelers Who Take It Slow 2019-12-23T05:00:00Z Germany’s standard rate of value-added tax is 19%, though a reduced rate of 7% applies to some items such as groceries. Germany says new rule requiring receipts fights tax fraud 2019-12-22T05:00:00Z The rule aims to combat the evasion of value-added taxes but some environmental activists worry they will produce piles of unwanted receipts, printed on paper that can’t be recycled. Germany says new rule requiring receipts fights tax fraud 2019-12-22T05:00:00Z The agreement, which also foresees lowering value-added tax on rail tickets next year, still needs to be agreed approved by both houses of parliament this week. Germany set to agree higher CO2 price for transport, heating 2019-12-16T05:00:00Z Yang says he’d pay for his Freedom Dividend by implementing a value-added tax. Yang responds to AOC’s Freedom Dividend criticism 2019-12-03T05:00:00Z A UK government source said the system of levying value-added tax remained an outstanding issue. Brexit up in the air as key Northern Ireland party refuses to back draft 2019-10-17T04:00:00Z The rule aims to combat the evasion of value-added taxes but some environmental activists worry they will produce piles of unwanted receipts, printed on paper that can’t be recycled. Germany says new rule requiring receipts fights tax fraud 2019-12-22T05:00:00Z Germany’s standard rate of value-added tax is 19%, though a reduced rate of 7% applies to some items such as groceries. Germany says new rule requiring receipts fights tax fraud 2019-12-22T05:00:00Z But a UK government source said the system of levying value-added tax remained an outstanding issue. Brexit scramble looms over fraught EU summit, Merkel says deal possible 2019-10-17T04:00:00Z He says he’ll pay for the program by implementing a national value-added tax. Andrew Yang says recession would ‘be good' for his campaign 2019-09-27T04:00:00Z Indonesia is already preparing legislation requiring tech companies with online services to pay value-added tax on local sales, even when they are booked offshore. Southeast Asian nations weigh unified approach to regulating Big Tech 2019-09-24T04:00:00Z Yang explains that his plan would be paid for by a value-added tax, known as a VAT. Andrew Yang's campaign cash giveaway raising legal concerns, despite Dem's claims 2019-09-17T04:00:00Z Last year, the government hiked the value-added tax to finance a pay increase it promised to public sector workers. Lebanese losing faith as politicians fumble over economy 2019-07-18T04:00:00Z The income will be funded by a value-added tax on the nation’s corporations. How Andrew Yang’s Robot Apocalypse Can Heal a Divided Nation 2019-07-18T04:00:00Z He said he would pay for it by putting a value-added tax on tech companies. With help of ‘Yang Gang,’ Andrew Yang elbows his way to Dem debate stage 2019-06-27T04:00:00Z They fund generous programs with the help of value-added taxes that heavily affect middle-class consumers. Opinion | Democrats point to Nordic nations as models of socialism. Here’s how they actually work. 2019-06-24T04:00:00Z Further, all three countries levy a substantial value-added tax, which is not on income but on consumption. Billionaires aren’t the problem 2019-06-18T04:00:00Z Mehta’s costs dropped after the government abolished 17 taxes, including the octroi, two years ago and established instead a national value-added tax on most business activity. Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work. 2019-05-14T04:00:00Z Yang says he’ll fund his nationwide universal basic income proposal with a value-added tax, known as a VAT. Once seen as extreme 2020 long shot, Yang is attracting some buzz 2019-05-10T04:00:00Z The proposal would cost $1.8 trillion and be paid for with a value-added tax on Amazon transactions, Google searches and robot truck miles. Dem 2020 candidate Andrew Yang: Universal basic income will make Americans healthier 2019-04-30T04:00:00Z Some companies at the fair cheered Beijing’s move to trim China’s value-added tax to 13 percent from 16 percent at the start of April, and its pledge of tax rebates for exports. To survive trade battles, China manufacturers deploy every weapon... 2019-04-22T04:00:00Z Apple also lowered the official sticker price of its phones after China cut the rate of value-added tax on luxury goods. March mobile phone shipments to China fall 6 percent as economy slows 2019-04-10T04:00:00Z Beijing is beefing up measures to support the manufacturing industry by cutting the value-added tax, increasing infrastructure spending and reducing direct government intervention. China's industrial profits shrink most since late 2011 2019-03-26T04:00:00Z “They pour their products onto markets without even paying value-added tax, and hardly any other tax at all, it is intolerable. On the same turnover they should pay the same tax,” he said. French tax on internet giants could yield 500 million euros per... 2019-03-03T05:00:00Z Adopting any major health proposals would probably require sizable increases in “payroll taxes and/or a value-added tax that hit the middle class,” he writes. Opinion | Is Democrats’ swing left sound policy or an economic pipe dream? 2019-02-24T05:00:00Z Yang said his plan would be paid for by a value-added tax, known as a VAT. Meet the 2020 candidate giving away money, in 'universal basic income' pitch 2019-02-11T05:00:00Z With signs of rising discontent over years of falling real incomes, rising prices, an increase in value-added tax and an unpopular plan to raise the pension age, Putin is under pressure to deliver. For Putin, economic and political reality dampen any appetite for... 2019-02-07T05:00:00Z Consumption taxes such as sales or value-added taxes are easy to administer and raise lots of revenue. Opinion | Elizabeth Warren’s wealth tax is no way to run government — but a good way to run a campaign 2019-01-29T05:00:00Z Policy insiders also expect Beijing to cut the value-added tax, which ranges from 6 percent for the services sector to 16 percent for manufacturers. China says will step up fiscal spending this year to support economy 2019-01-23T05:00:00Z The central government is cutting tax rates for small businesses and reducing value-added taxes in some industries, particularly in manufacturing. Shutdown in U.S., slowing growth in China fuel concerns over global economy 2019-01-21T05:00:00Z Under the plan, Beijing will cut value-added tax rates for some companies, including in manufacturing, and hand tax rebates to others. China stimulus hopes boost markets as Beijing announces tax cuts - business live 2019-01-15T05:00:00Z Mexico will slash income and corporate taxes to 20 percent from 30 percent for 43 municipalities in six states just south of the U.S., while halving to 8 percent the value-added tax in the region. Andres Manuel Lopez Obrador, Mexico’s new president, launches plan to boost economy near U.S. border 2019-01-06T05:00:00Z Lopez Obrador said Tuesday employers will be able to pay the higher wages because the value-added tax will be cut in half in the border zone. Mexico doubles minimum wage in northern border zones 2018-12-18T05:00:00Z And China still maintains a 16 percent value-added tax that applies to all cars, including imported ones. A Weakened China Tries a Different Approach With the U.S.: Treading Lightly 2018-12-13T05:00:00Z As such, countries with stronger domestic manufacturing employment and more compressed wage distributions tend to rely heavily on payroll or value-added taxes. “The Once and Future Worker” is Romney loyalist, Oren Cass’s labor theory of value 2018-12-01T05:00:00Z Local businesses were also put off by domestic measures like cuts to energy subsidies, a new value-added tax and restrictions on hiring foreign workers. Saudi Journalist’s Disappearance Sends Chill Through Foreign Investors, Firms 2018-10-11T04:00:00Z But it increased excise and value-added taxes, pushing prices up across the board. Duterte’s Luster Dulls as Rice Prices Soar in Philippines 2018-10-10T04:00:00Z The value-added tax will remain at 16 percent in the rest of the country. Mexico doubles minimum wage in northern border zones 2018-12-18T05:00:00Z Alckmin of the Brazilian Social Democracy Party also wants to replace many taxes with a value-added tax. A glance at economic proposals of Brazil’s top candidates 2018-10-06T04:00:00Z Alckmin of the Brazilian Social Democracy Party also wants to replace many taxes with a value-added tax. A glance at economic proposals of Brazil's top candidates 2018-10-06T04:00:00Z With the help of stepped-up enforcement and innovative digital tools, we cracked down on rampant tax fraud and evasion, increasing revenue from the value-added tax by 26% in only two years. Opinion | Meet the Polish Tiger 2018-09-30T04:00:00Z In the EU, practically all marketplace sellers are required to report and pay a sales tax called value-added tax, or VAT. How Amazon and eBay became a tax haven for Chinese sellers 2018-09-04T04:00:00Z The U.S. also needed to push for zero subsidies, non-tariff barriers, currency manipulation and value-added taxes, Mr. Navarro argued, because other countries used those tools to their advantage. How to Make Sense of President Trump’s Call for Zero Tariffs 2018-08-25T04:00:00Z On May 1, China cut the value-added tax in the manufacturing, transportation, construction, telecommunication and agricultural sectors. Exclusive: China to keep hitting back at U.S. over trade, to boost... 2018-08-24T04:00:00Z Paying for it would require a large European-style value-added tax or dramatically higher income and payroll taxes, most likely leading to European-style economic stagnation. How a booming US economy can cost Trump his presidency 2018-08-22T04:00:00Z The government secured a $12 billion loan in 2016 from the International Monetary Fund for an economic reform program that included slashing fuel and electricity subsidies, imposing a value-added tax and floating the currency. Egypt’s foreign debt up more than 10 percent from last year 2018-08-06T04:00:00Z The U.S., without a value-added tax to lean on, is an outlier. U.S. Corporate Tax Cuts Likely to Hit Other Countries’ Bottom Lines 2018-08-06T04:00:00Z So they are hit harder by any consumption tax, such as sales taxes in America or the European Union’s value-added taxes. “Sin” taxes—eg, on tobacco—are less efficient than they look 2018-07-26T04:00:00Z “Only a third of customers want a receipt. The incentive to avoid a 24% value-added tax surcharge is big for them.” Taxation Strangles Greece’s Growth Prospects 2018-07-26T04:00:00Z In his remarks on June 14, Mr. Medvedev said the government’s value-added tax would rise from 18 percent to 20 percent to draw an extra $9.6 billion into the Russian treasury. Vladimir Putin raises Russia retirement age; approval rating falls 2018-07-19T04:00:00Z Consumer spending slowed this year after the government introduced a 5% value-added tax in January and cut energy subsidies, making essentials like gasoline and electricity more expensive. Trump’s Bid to Weaken Iran Is Strengthening the Saudi Economy 2018-06-28T04:00:00Z He also said the Swiss “procedure” concerned the law on the international transfer of cultural property and a probe into value-added tax. Belgium Investigates Brothers in Possible Trafficking of Looted Antiquities from Syria 2018-06-23T04:00:00Z They include deeper pension cuts, a broadening of the tax base to low-wage earners and new property and value-added tax increases. As Greece Ends a Decade of Bailouts, Problems Linger for Europe 2018-06-20T04:00:00Z The government secured a $12 billion loan in 2016 from the International Monetary Fund for its economic reform program that included slashing fuel and electricity subsidies, imposing a value-added tax and floating the currency. Egypt’s Central Bank says mounting foreign debt at $82.9bn 2018-05-31T04:00:00Z In November last year, Beijing removed a value-added tax on imports of U.S. China Inc returns to U.S. soybean market as trade tensions ease 2018-05-23T04:00:00Z There will also be a 7-percent value-added tax, but general investors will be exempted, he said. Thailand to issue rules on cryptocurrency by end-June: SEC chief 2018-05-15T04:00:00Z This year, Saudi Arabia, the United Arab Emirates and Bahrain— traditionally known for being tax-free havens— introduced a 5 percent value-added tax to most goods and services to increase state revenue. IMF: Mideast not growing fast enough to reduce unemployment 2018-05-01T04:00:00Z With existing tariffs and value-added taxes mixed in, the total charge tacked on to California wine was already close to 50 percent. China Finds California Wine Pairs Well With a Trade War 2018-04-03T04:00:00Z And the neo-mercantilists have a habit of making crude errors, like misunderstanding how value-added taxes work. Trump, trade and the GOP’s zombie ideas 2018-03-20T04:00:00Z It would be useful if we all had the same rules for collecting sales or value-added taxes, but countries must be allowed to set their own rates. Europe’s Planned Digital Tax Heightens Tensions With U.S. 2018-03-19T04:00:00Z A sort of value-added tax, it compels businesses to declare both their purchases and their sales if they are to qualify for tax refunds. Narendra Modi wants to boost formalisation. How is he faring? 2018-03-01T05:00:00Z The budget includes an unpopular increase in value-added tax to start shrinking a yawning fiscal deficit. South Africa’s new president will have to dish out bitter medicine 2018-02-22T05:00:00Z JOHANNESBURG—South Africa increased value-added tax for the first time in 25 years Wednesday, to help pay for free higher education for poor and middle-class students while also reining in a significant government deficit. South Africa’s New Budget Aims to Repair Zuma’s Economic Damage 2018-02-21T05:00:00Z Furthermore, prices for fuels purchased by households should include the general sales or value-added taxes that are applied to other consumer products. Fossil-fuel subsidies assessed 2018-02-06T05:00:00Z Mr Álvarez promises to reform public salaries and to introduce a value-added tax. A gay-marriage ruling shakes up Costa Rica’s election 2018-02-01T05:00:00Z The value-added tax was raised by a percentage point. Anger over the Tunisian government’s belt-tightening spills over into unrest 2018-01-11T05:00:00Z To qualify for the loan, Egypt imposed austerity measures and other reforms, including the floatation of the currency, a reduction of subsidies and the enactment of a value-added tax. Positive IMF review paves way for $2B transfer to Egypt 2017-12-21T05:00:00Z But Goldman analyst Alec Phillips noted that affected states might “change their own tax systems to reflect the new federal system” by reducing personal income taxes and adding more state-level value-added taxes or property taxes. Opinion | Voters will remember the Republicans who made this mess 2017-12-12T05:00:00Z The arrangement would also permit the owner to avoid certain taxes, most notably a value-added tax of 20 percent if the jet were registered and used in the European Union. From Utah, Secretive Help for a Russian Oligarch and His Jet 2017-11-06T05:00:00Z One austerity step, imposing a 5 percent value-added tax, looks likely to go ahead in January; an IMF official said official preparations for it were proceeding well. Saudi needs Aramco billions as recession slows austerity drive 2017-10-19T04:00:00Z It keeps in place breaks from value-added tax and benefits for zero carbon pollution. Norway seeks to trim lavish electric car subsidies 2017-10-12T04:00:00Z South Korea's government will allow duty-free firms and other retailers operating in China to defer all or part of their corporate income and value-added taxes for up to nine months, the finance ministry said. South Korea to help firms hit by China curbs 2017-09-28T04:00:00Z Cairo secured a $12-billion, three-year bailout loan from the International Monetary Fund in November to support the program, enacting a tough subsidy cuts, a value-added tax and currency devaluation to qualify. Egypt plans to plug budget gaps with more foreign debt 2017-09-18T04:00:00Z In Norway, electrics are exempt from the 25 percent value-added tax and other fees. How realistic are plans to ban new gas and diesel cars? 2017-08-03T04:00:00Z One austerity step, imposing a 5 percent value-added tax, looks likely to go ahead in January; an IMF official said official preparations for it were proceeding well. Saudi needs Aramco billions as recession slows austerity drive 2017-10-19T04:00:00Z It keeps in place breaks from value-added tax and benefits for zero carbon pollution. Norway seeks to trim lavish electric car subsidies 2017-10-12T04:00:00Z "Both China and Europe also bankroll their exports through grants, low-cost loans, energy subsidies, special value-added tax refunds and below-market real estate sales, among other means," Ross wrote. U.S. officials mull taking harder line against China's demands for technology transfers 2017-08-02T04:00:00Z There is no mention, for example, of addressing the Trump administration’s grievance that Mexico charges value-added tax on imports. The outlines of NAFTA 2 emerge 2017-07-20T04:00:00Z Agent fees are usually paid by the seller, and are typically about 2 to 3 percent of the sale price, and an additional 20 percent value-added tax on the commission. House Hunting in … the Lake District, England 2017-06-21T04:00:00Z When the driver failed to provide documentation proving the object’s provenance to the officers’ satisfaction, he was arrested on suspicion of evading value-added taxes, these people say. Prominent Art Family Entangled in ISIS Antiquities-Looting Investigations 2017-05-31T04:00:00Z The plan also calls for a new value-added tax on goods, and selling off a chunk of Saudi Arabia’s crown jewel, the state-owned oil behemoth, Saudi Aramco. An ambitious young prince wants to reimagine Saudi Arabia — and make it fun 2017-05-18T04:00:00Z While explicitly stating their opposition to new border-adjustment or value-added taxes, there were few specifics in a document that was designed to inject a new sense of urgency into the stalled tax debate. Kochs unveil campaign to ‘jolt’ stalled tax debate 2017-05-18T04:00:00Z Egypt secured the $12-billion three-year loan last November after taking a set of tough economic measures including reducing subsidies, enacting the value-added tax, and the devaluation and subsequent floatation of its local currency. IMF reaches staff-level agreement on second payment to Egypt 2017-05-12T04:00:00Z Last month, administration officials told The Washington Post that Trump and his advisers were considering a value-added tax, just hours before the White House formally disavowed the idea. Behind Trump’s ‘prime the pump’ gaffe is a bunch of real news 2017-05-11T04:00:00Z A tough set of economic measures were required to qualify for it, including reducing subsidies, enacting the value-added tax, as well as the devaluation and subsequent floatation of its local currency. Egypt expects second tranche of IMF loan in June 2017-05-07T04:00:00Z Reid also devotes a chapter to the value-added tax, which he calls “the most successful taxation innovation of the last sixty years.” Opinion | Of course the U.S. tax system is broken: here’s how to fix it 2017-05-05T04:00:00Z Azour told The Associated Press that plans by the GCC to introduce a value-added tax next year is one way to boost revenue. IMF says more reforms still needed by Mideast oil exporters 2017-05-02T04:00:00Z The panel also considered other options, including a general property tax, a gas tax, a value-added tax, a commuter tax and an income tax. How best to pay for Metro’s needs? A regionwide sales tax, say local officials in major report. 2017-04-26T04:00:00Z Many economists believe that value-added taxes are a more efficient way of raising money for the government, because taxpayers are not penalized on their earnings from working or the gains from their investments. Behind Trump’s ‘prime the pump’ gaffe is a bunch of real news 2017-05-11T04:00:00Z His plan, called Vision 2030, would foster new private businesses, improve education and trim the budget deficit by cutting subsidies and introducing a 5 percent value-added tax. Saudi Arabia, a kingdom built on oil, plans a future beyond it 2017-04-21T04:00:00Z The value-added tax is a levy on consumption, not income, which means it maintains incentives to work and invest. Opinion | Of course the U.S. tax system is broken: here’s how to fix it 2017-05-05T04:00:00Z In this way, the business tax would resemble many of the value-added taxes used in Europe. How Best to Tax Business 2017-04-21T04:00:00Z Two administration officials said reports that the White House was considering a carbon tax and a value-added tax were incorrect, but that other ideas were on the table. Wall Street banker Cohn moving Trump toward moderate policies 2017-04-16T04:00:00Z Trump said in the interview that he likes the idea of a value-added tax — a type of tax that is popular in other rich countries but that Republicans oppose. Behind Trump’s ‘prime the pump’ gaffe is a bunch of real news 2017-05-11T04:00:00Z White House officials told The Washington Post on Tuesday that the Trump administration was considering other means of raising revenue — among them, a value-added tax. Analysis | Seniors could be in for a rude surprise if Paul Ryan gets his way on taxes 2017-04-10T04:00:00Z Conservatives will attack the value-added tax as a money machine that leads to bigger government. Opinion | Of course the U.S. tax system is broken: here’s how to fix it 2017-05-05T04:00:00Z Chinese import and value-added taxes would make up most — but not all — of the difference. Even Amid Trade Tensions, Ford Pushes Pickup Trucks in China 2017-04-07T04:00:00Z Some 160 countries, including China, also charge a steep value-added tax on domestic and foreign products alike. Trump Recycles Overstated Campaign Claims About China and Trade 2017-04-07T04:00:00Z A value-added tax of just 5 percent would yield $2.7 trillion in revenue over a decade, according to a projection by the Congressional Budget Office. White House disavows two controversial tax ideas hours after officials say they’re under consideration 2017-04-04T04:00:00Z White House officials told lawmakers last month that they were seriously considering other options, including deficit-funded tax cuts and a European-style value-added tax for businesses. House Republican tax chief to huddle with Democrats 2017-04-03T04:00:00Z The idea of a border-adjustment tax has percolated among academic economists and in think tanks since the 1970s, as the United States considered ways of harmonizing its tax code with countries that use value-added taxes. Right divided over ‘border adjustment tax,’ risking Trump agenda 2017-04-01T04:00:00Z The United States has long complained that WTO rules allow exports to be exempt from value-added taxes, but do not allow export exemptions from the U.S. corporate income tax. Trump to order trade abuses study, improve import duty collection 2017-03-31T04:00:00Z Mr. Trump’s economic advisers have argued that Mexico uses its value-added tax as a tariff that puts the United States at a disadvantage. U.S. Aims for Nafta Provision to Reinstate Tariffs 2017-03-30T04:00:00Z Many countries impose substantially higher value-added taxes – the average rate across rich countries is about 19 percent – but exempt broad categories of essential purchases such as food, health care and education. White House disavows two controversial tax ideas hours after officials say they’re under consideration 2017-04-04T04:00:00Z It is not a disguised tariff, or sales tax or value-added tax, although it would mimic their economic impact in some respects. Analysis | When it comes to corporate tax reform, the GOP may be on to something. Really. 2017-03-11T05:00:00Z Another way would be to introduce a value-added tax. The Case for a Border-Adjusted Tax 2017-03-06T05:00:00Z Tax-free living will soon be a thing of the past for Saudis after its cabinet on Monday approved an IMF-backed value-added tax to be imposed across the Gulf following an oil slump. Saudi Arabia signals end of tax-free living as oil revenues slump 2017-01-30T05:00:00Z By allowing profits from foreign sales to be excluded from income taxes, the tax is a countermeasure, they argue, to the value-added taxes that American manufacturers face in other countries. Trump’s Unfashionable Tax Idea 2017-01-30T05:00:00Z Some Democrats might also support a value-added tax, depending on the other provisions of the overall reform. White House disavows two controversial tax ideas hours after officials say they’re under consideration 2017-04-04T04:00:00Z Similar to the value-added tax used in many countries, border adjustability would help offset the deep cuts that Republicans want to make to the corporate tax rate while preventing the deficit from swelling further. Howls Over Import Tax Complicate Plans to Overhaul Code 2017-01-29T05:00:00Z Most major economies have value-added taxes with border adjustments that work in a somewhat similar way to the GOP proposal. Trump idea to fund border wall with a GOP tax on imports could raise prices for consumers 2017-01-26T05:00:00Z Mr. Trump characterized the value-added tax that both Mexico and Canada have as unfair to U.S. companies. What Can Trump Do to Overhaul Nafta? Quite a Lot 2017-01-25T05:00:00Z The Zhengzhou government eliminated corporate taxes and value-added taxes that Foxconn pays for the first five years of production; they are half the usual rate for the next five. How China Built ‘iPhone City’ With Billions in Perks for Apple’s Partner 2016-12-29T05:00:00Z The Zhengzhou government eliminated Foxconn’s corporate taxes and value-added taxes for the first five years of production; they are half the usual rate for the next five. How hidden tax breaks, perks created ‘iPhone City’ in China 2016-12-29T05:00:00Z Under current rules in the Nordic state, airlines pay value-added tax of 6 percent on domestic flights while international flights are exempt from VAT. Swedish government commission proposes airline climate tax 2016-11-30T05:00:00Z But the U.S. might then argue the system it is close enough to a value-added tax to pass legal muster, while insisting at home that it isn’t a politically toxic VAT. House GOP Business-Tax Plan Upends U.S. Policy, Bares Corporate Fault Lines 2016-11-24T05:00:00Z Among various tax plans, one supported by House Republicans would raise money off goods imported into the U.S., in a similar fashion to the value-added tax that affects American products sold abroad. Donald Trump Poised to Put Pressure on Nafta 2016-11-21T05:00:00Z The government of Egyptian President Abdel Fattah al-Sisi also took other key steps required by the IMF, including passage of a value-added tax to raise revenues and reductions in fuel subsidies. IMF board approves Egypt's $12 billion loan agreement, $2.75 billion disbursed 2016-11-11T05:00:00Z In October the government instituted a value-added tax to raise revenue. Sense and sensitivity 2016-11-10T05:00:00Z Instead he will shave one point from value-added tax and trust in raising revenues by pressing informal businesses to register and pay taxes. The limits of technocratic government 2016-11-10T05:00:00Z The proposal would operate like provisions other countries use to border-adjust their value-added taxes so those levies apply only to domestic consumption. House GOP Business-Tax Plan Upends U.S. Policy, Bares Corporate Fault Lines 2016-11-24T05:00:00Z Lagarde on Wednesday also noted the low oil prices and said more needs to be done in Gulf countries, including lifting expensive government subsidies on fuel and starting a region-wide value-added tax. IMF, US Treasury chiefs visit Gulf amid oil price slowdown 2016-10-27T04:00:00Z The government raised electricity prices by 25-40 percent in August and is phasing in a 13 percent value-added tax approved by parliament in the same month. Egyptians losing patience with Sisi as economy deteriorates 2016-10-23T04:00:00Z His attempt to slam Nafta by pointing to a 16% value-added tax that Mexican importers pay, for example, is misleading. Trump’s Nafta Mistakes Are Huge 2016-10-02T04:00:00Z After Donald Trump suggested at the presidential debate last week that foreign countries’ value-added tax, or VAT, amounts to a tariff on American companies, the idea appeared, briefly, to gain steam. Here's What Trump Got Wrong About Mexico's Taxes 2016-10-02T04:00:00Z He said its value-added tax, a sort of sales tax, amounts to a 16 percent tax on American imports, although Mexico’s exports into the United States face no such levy. Trump Scores Points on Pacific Trade Pact, but Not So Many on Nafta 2016-09-27T04:00:00Z Navarro and Ross argue that other countries have taken advantage of a value-added tax system to undermine U.S. trade dominance in the World Trade Organization. 'Scoring the Trump Economic Plan' Not a Straightforward Endeavor 2016-09-26T04:00:00Z The tax office alleges PT Google Indonesia paid less than 0.1 percent of the total income and value-added taxes it owed last year. Google is Facing a $400 Million Tax Bill in Indonesia 2016-09-20T04:00:00Z The tax office alleges PT Google Indonesia paid less than 0.1% of the total income and value-added taxes it owed last year. Google's Alphabet may owe over $400m for 2015 back taxes in Indonesia 2016-09-19T04:00:00Z Ltd., owes about $76 million in income and value-added taxes on the profit it earned from Indonesian advertisers last year. Indonesia Plans to Bill Google For Back Taxes and Fines 2016-09-19T04:00:00Z The tax office believes that PT Google Indonesia paid less than 0.1 percent of the total income and value-added taxes it owed last year. Exclusive: Google may face Indonesia tax bill of over $400 million for 2015 - government official 2016-09-19T04:00:00Z While carriers typically discount iPhones before new-model launches, it is rare for iPhones to be cheaper in China than in the U.S., as a combination of import duties on components and value-added taxes boosts prices. Apple Squeezes Parts Suppliers to Protect Margins 2016-09-01T04:00:00Z One of the best ways to finance it all might be a national sales levy along the lines of a progressive value-added tax. How to avert America’s Brexit 2016-08-16T04:00:00Z The government is also planning to raise revenue through indirect taxation such as the value-added tax, once unthinkable in a kingdom where for decades oil money was sufficient to fund a generous welfare system. Oil Income Falling, Saudi Arabia Raises Government Fees and Fines 2016-08-09T04:00:00Z Also in need of reform is Britain’s value-added tax rate. Osborne’s British Tax Gift 2016-07-04T04:00:00Z The U.K. would gain more flexibility to alter its tax base, both for corporate income and for value-added taxes. U.K. Tax Code Could Entice Companies 2016-06-29T04:00:00Z The economy should get a boost from the government’s decision to delay an impending value-added tax increase. Why Bank of Japan Pays Price for Waiting 2016-06-16T04:00:00Z Popular Force opposes many of his economic policies , such as cutting value-added tax and providing tax breaks to big companies. A 77-year-old liberal economist appears set for a dramatic victory in Peru’s presidential election 2016-06-06T04:00:00Z With parliament set to pass a value-added tax later this year, prices are expected to rise even more. Price hikes in Egypt bite hard during holy month of Ramadan 2016-06-14T04:00:00Z A similar idea for lowering the trade deficit is imposing a value-added tax. How to Revitalize U.S. Manufacturing 2016-06-08T04:00:00Z The government also plans to raise revenues through indirect taxation, such as a value-added tax, and levies on tobacco and soft drinks—a so-called Sin Tax. Saudi Arabia Faces Challenge in Enlarging Private Sector 2016-06-07T04:00:00Z Both officials said raising value-added tax was a likely option, but that any changes to the tax system would likely be postponed until after presidential elections in 2018. As Oil Reserves Dwindle, Russia Weighs Tax Increases to Fill Budget Gaps 2016-05-15T04:00:00Z Most specifically, abandoning a planned 2017 increase in Japan’s value-added tax would probably do the most to lift sentiment, weakening the yen again. What Japan Needs to Make Yen Intervention Work 2016-05-10T04:00:00Z Plans for a value-added tax, unprecedented in the kingdom’s modern history, were set in motion for implementation in two years. Saudi Arabia Forges Ahead With Change 2016-05-08T04:00:00Z Conservatives are torn because they want free trade but not the accompanying bureaucracy that touches on countless issues, from how much London’s bankers are paid to the value-added tax on women’s sanitary products. For ‘Brexit,’ Like ‘Grexit,’ It’s Not About Economics 2016-05-04T04:00:00Z Most important will be the delay or cancellation of an increase in the value-added tax set for next April, which is looming over the economy. Why the Bank of Japan Held Fire for Another Day 2016-04-28T04:00:00Z The Shannon Free Zone offered companies tax breaks and exemptions on value-added tax on imported goods and goods used for the production of exports. Story of cities #25: Shannon – a tiny Irish town inspires China’s economic boom 2016-04-19T04:00:00Z Saturday, Mr. Macri unveiled a series of new measures designed to broaden child allowances, alter the country’s value-added tax system and help retirees. Finance Minister: Argentina Return to Capital Markets Will Fuel Economic Transition 2016-04-16T04:00:00Z He ridiculed Cruz's idea for a business flat tax, calling it a value-added tax. Republican Paul Ryan to rule out 2016 presidential candidacy 2016-04-12T04:00:00Z The proposal is part of a push by the EU to modernize its value-added tax rules, which date back to the 1970s. EU to Revamp Sales Tax Rules to Give More Power to National Governments 2016-04-07T04:00:00Z In 2012, after a budget derided by the opposition Labour Party as an "omnishambles", he dropped plans to apply value-added tax to food typically bought by poorer households. 'Quiet man' threatens to blow Britain's ruling party apart over Europe 2016-03-19T04:00:00Z One of the most surprising was a proposal to expand China’s value-added tax to financial services. In New Economic Plan, China Bets That Hard Choices Can Be Avoided 2016-03-05T05:00:00Z He named, as an example, a digestible definition of a value-added tax given by Mr. Cruz. Ted Cruz Moves Aggressively to Court Younger Voters 2016-02-26T05:00:00Z Rubio wants to completely eliminate investment taxes; Cruz wants to eliminate the corporate income tax and replace it with a value-added tax that he swears up and down isn't actually one. Donald Trump's Real Tax Return Problem 2016-02-26T05:00:00Z Mr. Cruz proposes both a 10 percent flat tax and a 16 percent consumption tax similar to a European-style value-added tax. Analysts Question Viability of Deep Tax Cuts Proposed by Republican Candidates 2016-02-22T05:00:00Z In their place, Cruz would impose two, fresh new taxes: a 10% flat tax on individual income, and what amounts to a 19% value-added tax, or VAT, on all business revenue. Ted Cruz's Politically Risky Tax Proposal 2016-02-18T05:00:00Z The value-added tax proposed by Cruz, a Senator from Texas who won the Iowa caucuses among Republicans last month, would replace only 70 percent of the costs of the tax cuts, according to the center. Cruz tax plan would slash U.S. revenue, favor wealthy: analysis 2016-02-16T05:00:00Z GARRETT: Now, the question — conservatives have sort of this idea conceptually for a long time, but especially on this consumption value-added tax system. Transcript of the Republican Presidential Debate 2016-02-14T05:00:00Z Mr. Cruz’s plan, which combines a flat income tax with a value-added tax, would impose an effective combined tax rate of 24.4 percent on wages. Rubio’s Call for No Capital Gains Tax Is a Break With the G.O.P. 2016-02-04T05:00:00Z Rubio claims Ronald Reagan would disapprove of Cruz’s European approach, which is not a tax on income but a value-added tax. What You Missed While Not Watching the GOP Debate 2016-01-15T05:00:00Z One such exchange was on taxes Thursday, where Rubio attacked Cruz’s plan for a flat tax and its imposition of a value-added tax on American goods and workers instead of a corporate tax. Three big takeaways from the raucous Republican debate in South Carolina 2016-01-15T05:00:00Z He also says he opposes a "value-added tax," which is akin to a sales tax and would replace the current payroll and corporate income tax. Marco Rubio is in his home state, Florida, outlining plan to solve the nation's debt crisis 2016-01-11T05:00:00Z Some analysts compare it more to an attributed “value-added tax.” Transcript of the Republican Presidential Debate 2016-02-14T05:00:00Z In August, the Finance Ministry scolded retailers at British airports, saying they should reduce prices for customers who are not required to pay value-added tax. Britain to Review How Airport Shops Collect Sales Tax 2015-12-31T05:00:00Z But it would be still more generous to the highest earners, as value-added taxes are less progressive than income tax. Indecent disclosure 2015-12-30T05:00:00Z Like Rand Paul before him, Ted Cruz is promoting a tax plan that relies heavily on a value-added tax, or VAT. Ted Cruz’s Simple, Radical Tax Plan 2015-12-29T05:00:00Z This tax would be similar to a value-added tax or sales tax and be applicable to nearly all expenses made by politically active organizations, but how it was designed would matter greatly. A simple fix for big money in politics: Tax campaign spending 2015-12-01T05:00:00Z His plan to close a revenue gap by imposing a value-added tax and raising the sales tax was resisted by a faction of his own party, who engineered an eventual reduction in the tax rate. Puerto Rico Governor loses support of mayors as debt crisis bites 2015-11-25T05:00:00Z A value-added tax, or VAT, is a tax on consumption. Ted Cruz and Rand Paul’s hidden tax 2015-11-12T05:00:00Z Business taxes would be replaced with a value-added tax of 16%. Indecent disclosure 2015-12-30T05:00:00Z Mr. Graetz, who is one of the VAT’s leading U.S. proponents, said: “We have to become more competitive, and I don’t know how you get there without a value-added tax of some sort.” Value-Added Tax Catches On in Republican Presidential Race 2015-11-13T05:00:00Z Even when Mr. Kasich sought to interject when he was not called on, it was because he wanted to discuss the prospect of a value-added tax. In Republican Debate, Candidates Battle Sharply on Immigration 2015-11-10T05:00:00Z Greek officials are also scrambling to find alternative measures to a value-added tax on private education in the country, which the government hastily withdrew following a public outcry. Greece Set to Vote on Bailout Provisions 2015-11-05T05:00:00Z Strangely, though, neither of the presidential campaign’s VAT champions wants to openly call his plan a “value-added tax.” Ted Cruz and Rand Paul’s hidden tax 2015-11-12T05:00:00Z Mr. Paul wants two taxes, a value-added tax and a personal income tax, both of them flat, with the existing taxes on payrolls and corporate profits abolished. G.O.P. Candidates Seek Pot of Gold at End of Tax Cut Rainbow 2015-10-27T04:00:00Z Their proposals have drawn scant attention on the campaign trail, and are hardly revolutionary globally, as the U.S. is the only developed country without a value-added tax. Value-Added Tax Catches On in Republican Presidential Race 2015-11-13T05:00:00Z In an opinion piece published in The Wall Street Journal last week, el-Sissi said he intends to introduce a value-added tax regime to boost revenues. Airlines begin applying new Egyptian tax on departing flights 2015-10-09T04:00:00Z He is accused of participating in a value-added tax fraud scheme involving a chain of transactions with carbon dioxide emissions certificates. US extradites Briton to Germany in emissions trading case 2015-09-29T04:00:00Z In a recent paper, Tim Besley of the London School of Economics found that the average rank of countries with a value-added tax in 2006 was 23 places lower than that of countries without one. Pulling rank 2015-09-24T04:00:00Z Implementing a planned value-added tax this month would help bring the budget into line, as would a fresh bond issue like one last June that raised $1.5 billion. Key decisions needed quickly in Egypt to address economy, boost investment and earn state cash 2015-09-11T04:00:00Z One is to call elections in September before voters start feeling the new bailout measures including further pension cuts, more value-added tax increases and a "solidarity" tax on incomes. Greece makes debt repayment, minister calls for snap polls 2015-08-20T04:00:00Z As a result of a new bailout Greece is negotiating with the European Union and International Monetary Fund, value-added tax in cinemas will now rise to 23 percent. Economic crisis proves no tragedy for Greek theater 2015-08-09T04:00:00Z Those in hospitality and tourism are crosser than ever about the 20% rate of value-added tax, which is twice the average rate levied in Europe on the tourism industry. Cleaning up 2015-07-30T04:00:00Z It was already hurt by the recent imposition of a disliked value-added tax. Soldiering on 2015-07-23T04:00:00Z And a rejiggered system of value-added taxes, or sales taxes — hastily put in place on Monday as part of Greece’s efforts to meet creditors’ demands — seemed to be sowing confusion in its early stages. Banks in Greece Reopen, and Sales Taxes Add to Confusion 2015-07-20T04:00:00Z Some of the main measures, including an increase in value-added tax, take effect immediately, although it will be extended to hotels in October after peak tourist season. Europe moves to restore funding to Greece after bailout vote 2015-07-16T04:00:00Z By the end of Wednesday, Greece must pass a set of measures that would raise value-added taxes and cut pensions, among other changes. Resolving the Greek Debt Crisis — Crucial Next Steps 2015-07-15T04:00:00Z Some ministers were pressing Athens to legislate as early as Monday, notably to raise the value-added tax. Euro zone demands more from Greece, delays decision on aid 2015-07-12T04:00:00Z That offer included painful increases in value-added tax paid at the point of sale by consumers, and reductions in state pensions. How close is Greece to leaving the euro? A look at the country's options and what happens next 2015-07-06T04:00:00Z The criticisms were everywhere: too many tax increases, unifying value-added taxes, not enough spending cuts and more cuts needed on pension reforms. Hopeful Start to Greek Debt Negotiations Quickly Soured 2015-07-02T04:00:00Z Europe wants Greece to raise its value-added tax and its corporate-income tax. This Is the Method in the Greece Madness 2015-07-02T04:00:00Z He asked to keep a discount on value-added tax for Greek islands, stretch out defense spending cuts and delay the phasing out of an income supplement to poorer pensioners. Greece's Tsipras digs in against bailout 2015-07-02T04:00:00Z He forwarded a proposal that included pensions changes, increases in value-added taxes and other measures intended to raise revenues. Greek Premier’s Referendum Call Tests His Power and Conviction 2015-06-29T04:00:00Z But Greece insisted on keeping a 30 percent discount currently in place on all value-added tax rates in its Aegean islands. Tempers Flare as Greek Talks Enter Final Stages 2015-06-26T04:00:00Z According to the Greek economics minister, Giorgios Stathakis, speaking to the BBC, the Greek proposal would raise taxes on businesses and the wealthy, as well as hiking the value-added tax, or VAT, on some items. Optimism for an Agreement on Greek Debt, but Not for Long-Term Stability 2015-06-22T04:00:00Z While his campaign disputes the value-added tax label, the proposed changes would essentially cycle through the economy as a sales tax on businesses. Presidential candidate Rand Paul plans to 'blow up' tax code 2015-06-18T04:00:00Z Greece agrees to meet its creditors halfway on pensions and the value-added tax, with some of the numbers being fudged. Greece and Europe: The Endgame 2015-06-17T04:00:00Z Lawmakers were incensed in particular by a proposal to scrap a benefit for low-income pensioners and a value-added tax change that Tsipras said would raise the value added tax on electricity by 10 percentage points. Creditors' offer prompts anger, dismay in Greece 2015-06-04T04:00:00Z In its latest offer, Greece conceded to lenders’ demands for restaurants to be subject to the highest value-added tax rate — 23 percent — as long as hotels remain in the middle rate of 13 percent. Tempers Flare as Greek Talks Enter Final Stages 2015-06-26T04:00:00Z Opinions also differ on how the value-added tax system should be changed to lift revenue. Leaders Assemble for Urgent Meeting on Greek Crisis 2015-06-01T04:00:00Z He said he would not submit to creditors’ “irrational demands” on value-added tax rates, further liberalization of the labor market and changes to the pension system — the main sticking points. The Heat Is on Greece’s Alexis Tsipras, From Inside and Out 2015-05-24T04:00:00Z It will also be assigned the revenues of the first ten percentage points of value-added tax and oversee around £2.5 billion, or about 15%, of welfare spending. Thistles and thorns 2015-05-14T04:00:00Z Tsipras shook up the negotiating team and made some concessions on restarting privatizations and harmonizing value-added tax. Germany floats Greek referendum on reform, others doubt timing 2015-05-11T04:00:00Z They promise no new income or value-added taxes. Key issues in UK election campaign 2015-05-07T04:00:00Z The World Bank says Palestinians pay the region’s highest tariffs for power after Israel, as well as a value-added tax. Palestinians’ Unpaid Electric Bills in the West Bank Thicken Tension With Israel 2015-05-05T04:00:00Z Tsipras said Greece was in the final stretch of negotiations despite differences on key issues like labor reform, pension cuts and a proposed value-added tax hike on tourist islands. Tsipras presses for May debt deal, threatens referendum 2015-04-28T04:00:00Z Tsipras, elected in January on an anti-austerity platform, is resisting cutting pensions, liberalizing the labor market or raising value-added tax on Greek holiday islands. Merkel to press Greece's Tsipras for progress on reforms 2015-04-23T04:00:00Z In 2014 Japan raised its value-added tax in order to keep spending and ran up its national debt to 250% of GDP. More Government, Less Representation 2015-04-15T04:00:00Z Those countries also collect a value-added tax imposed throughout the production and sales system. Tax deadline day approaches for U.S., but tax bite being felt around the world 2015-04-14T04:00:00Z Many are good, including audits on large offshore transfers, to home in on untaxed income; and issuing lottery tickets to customers who demand receipts, as a way of combating avoidance of value-added taxes. Greece Must Walk the Talk, and Soon 2015-04-06T04:00:00Z The problem with the consumption tax is that it leads to value-added taxes that can be easily added on by a profligate Congress. 10 Questions for Senator Orrin Hatch 2015-03-01T05:00:00Z The Aegean islands, Greece’s most prosperous region, will continue to enjoy lower rates of value-added tax than the rest of the country. Smoking out the firebrands 2015-02-12T05:00:00Z Governments might commit to future increases in the value-added tax tied to reductions in the income tax, to accelerate spending. Political Fractures in European Economic Unity 2015-02-03T05:00:00Z Someone asked if he would eliminate the country’s hefty value-added taxes on basic necessities. A Grass-Roots Pitch in Greece Could Pay Off 2015-01-17T05:00:00Z China will trial a tax-free or zero value-added tax policy for international outsourcing services and provide various kinds of financial support and public financing. China to push growth of outsourcing industry 2014-11-26T05:00:00Z Japanese Prime Minister Shinzo Abe called early elections and delayed by 18 months a second big hike in value-added tax, in an effort to rescue his floundering plan to revive the economy. Japan's Abe Calls Early Election to Save His Grand Economic Plan 2014-11-18T05:00:00Z According to the report, $68,000 given to the Ethiopian Public Health Association improperly went to pay value-added taxes levied on supplies purchased for the humanitarian effort, something not allowed under federal rules. HAMMER: Millions misspent on AIDS relief in Africa, audit finds 2014-10-30T04:00:00Z The consumption tax could take the form of a value-added tax, which in other countries has proved to be a remarkably efficient way to raise government revenue. One Way to Fix the Corporate Tax: Repeal It 2014-08-23T04:00:00Z Meanwhile, exporters, who are legally entitled to a rebate on the value-added tax, say that they have been denied millions in refunds—discouraging foreign investors. Obama's Secret Neo-Con Agenda 2014-06-30T04:00:00Z The value-added tax, for instance, allows firms to deduct tax paid on inputs from their sales-tax bill, in effect encouraging them to police their suppliers. Fiscal blackmail 2014-05-22T04:00:00Z Along with using tax loopholes for charitable donations, this helped GSK "avoid over 100 million yuan in import value-added tax and corporate income tax," the report said. GSK dodged millions in China drug tax scam: state media 2014-05-19T04:00:00Z Adding to the pain were higher personal income taxes, steeper value-added taxes and reduced reimbursements for drugs and doctor bills. News Analysis: Bailout Is Over for Portugal, but Side Effects Will Linger 2014-05-06T01:10:38Z A recent report for the European Commission found that uncollected value-added taxes in the European Union — a measure known as the value-added tax gap — amounted to about $267 billion in 2011. Forget the Car. In Slovakian Lottery, Real Prize Goes to Tax Man. 2014-04-19T16:05:40Z Consumption taxes, mainly a value-added tax that reaches 17 percent for a wide range of consumer goods, represent almost half of government revenues in China. China Leans Toward More Stimulus Measures 2014-04-03T09:34:56Z They said the industry already receives generous breaks on fuel and value-added taxes while being responsible for about 5 percent of global greenhouse gas emissions. Europe Plans New Limits on Aid to Money-Losing Regional Airports 2014-02-20T16:51:17Z A sales tax or value-added tax would focus on the destination, France. Tax: Plucking the geese 2014-02-20T15:58:35Z In addition, there is a value-added tax of 17 percent and consumption tax, which depends on engine size. China breaks up gangs that smuggled $164 million worth of cars 2013-11-28T09:39:13Z That figure is now about 60 percent, putting Slovakia in a league with Greece for the poorest record on the collection of value-added taxes. Forget the Car. In Slovakian Lottery, Real Prize Goes to Tax Man. 2014-04-19T16:05:40Z His most fearsome test will be to raise the consumption tax, Japan’s version of value-added tax. Asia: Trials of a superhero 2013-10-31T16:54:36Z More coal moving by rail will cut China's average production cost for thermal coal in the next 2-3 years by $10-$15 a metric ton to $80-90, including value-added tax, according to brokerage CLSA. China's Smog Threatens Health of Global Coal Projects 2013-11-14T22:15:00.437Z The party was upset when it failed to stop the standard rate of value-added tax of 16 percent from being extended to states on the U.S. border that now pay an 11 percent rate. Mexican tax plan weakened further, on cusp of final approval 2013-10-31T12:21:39Z Meanwhile, another part of the bill - that of increasing an 11 percent value-added tax rate for border states to match the national rate of 16 percent - is under attack. Mexico ruling party ready to back higher junk food tax: lawmaker 2013-10-24T02:03:15Z Over the last 10 years, Slovakia’s revenue from value-added taxes, a type of sales tax, has declined. Forget the Car. In Slovakian Lottery, Real Prize Goes to Tax Man. 2014-04-19T16:05:40Z The ministry said in a short statement on its website that producers of solar power products will receive immediate refunds of 50 percent of value-added taxes. China to offer tax breaks to solar power manufacturers 2013-09-29T16:43:37Z PDL lower house floor leader Renato Brunetta said the government would fall if it went ahead with raising value-added tax by one percentage point next month. Analysis: Risk of Italian crisis recedes but respite may be brief 2013-09-19T14:12:20Z The cost in mainland China is also higher than it is in Hong Kong, where there is no value-added tax or sales tax. Cheaper iPhone Will Cost More in China 2013-09-12T00:23:02Z The government aims to complete reforms to replace a business tax with value-added tax by 2015, which will result in a tax cut of hundreds of billions of yuan, he added. China local debt under control, though some problems: finance minister 2013-09-04T09:34:24Z In Portugal, too, the value-added tax gap has grown since the start of the economic crisis. Forget the Car. In Slovakian Lottery, Real Prize Goes to Tax Man. 2014-04-19T16:05:40Z "Companies who break environmental laws will be banned from receiving bank loans, fund-raising through initial public offerings and value-added tax breaks starting this year." Beijing Issues New Measures Aimed at Curbing Air Pollution 2013-09-03T00:45:06.440Z As part of its fiscal reform, the government has been considering widening the application of the value-added tax to include food and medicine, which have avoided the charge so far. Protesting Mexican teachers stir trouble for government reforms 2013-08-23T23:27:41Z For example, treaties typically don't provide an offset for foreign sales or value-added taxes. Overseas Americans: Say 'Bye' to Uncle Sam? 2013-08-17T03:46:13Z On top of that there is a value-added tax of 17 percent and a consumption tax, which depends on the engine size, something Luo acknowledged. China investigating carmakers over pricing: industry body 2013-08-13T10:01:09Z Other options for closing a pension shortfall of 20 billion euros by 2020 include raising income tax tied to social spending or value-added tax, already the state's biggest source of cash. French government's next tax grab may strain fragile recovery 2013-08-08T12:15:57Z The package approved by parliament pushes back a 1 percentage point rise in the main rate of value-added tax, currently 21 percent, to October from July. Italy parliament approves youth jobs measures, sales tax delay 2013-08-08T07:40:08Z Profits from that business, which includes booming deliveries for online retailers, rose to 223 million euros from 38 million euros a year earlier, largely due to the absence of a one-off payment for value-added tax. Deutsche Post outlook improves as Asia strategy pays off 2013-08-06T11:39:44Z Signs posted throughout this city advertise all kinds of fake receipts: travel receipts, lease receipts, waste material receipts and value-added tax receipts. Coin of Realm in China Graft: Phony Receipts 2013-08-03T22:12:24Z A program to replace the business tax with a lighter value-added tax is also intended to benefit businesses. China Aims to Help Small Businesses 2013-07-27T01:53:30Z Mr. Georgiades noted that government revenue from the value-added tax, an important indicator of business activity, had picked up sharply after a catastrophic fall. A Financial Lifesaver Thrown by Creditors Weighs Cyprus Down 2013-07-13T23:40:01Z Among other things, the China subsidiary of GlaxoSmithKline “committed crimes” by writing special bills related to the value-added tax and issued fake invoices through travel agencies, officials said. China Accuses GlaxoSmithKline of Corruption 2013-07-11T11:07:16Z Finance Minister Henry Rotich said in his budget speech last month that he would re-introduce value-added tax on goods including medicines and the staples rice, milk, bread and wheat. Kenya parliament to debate new tax, opposition grows 2013-07-02T17:57:45Z Any offer would have to match Mr. Black's, but could be free of hefty value-added tax charges. Financier Was the Buyer of 'Apostle' 2013-06-20T03:01:12Z The royal family will also lose its exemptions from paying income and value-added tax. Belgian royals face first tax bills, wage cuts 2013-06-06T10:23:06Z He said his long-standing proposal for a temporary cut in value-added tax remained valid but if the economy strengthened, the focus should shift to long-term capital investment. UK's Labour vows iron discipline on budget 2013-06-03T12:34:59Z The United States is the only advanced nation that does not have a value-added tax, which is similar to a sales tax and can raise lots of revenue. Economic Scene: The Trouble With Taxing Corporations 2013-05-29T00:52:54Z The draft budget is expected to increase income tax by 1.5 percentage points, value-added tax to 18 percent from 17 percent, and corporate tax to 26 percent from 25 percent. Israel cabinet okays new budget draft with large defense cuts 2013-05-14T05:55:31Z The value-added tax is set to rise to 18 percent from 17 percent, child allowances are to be sharply reduced, and subsidies for after-school programs for children under the age of 9 will be canceled. Israel Approval Near for Austerity Budget 2013-05-13T23:38:20Z Another option is to tax the money that people spend, using the kind of value-added tax employed in every other advanced country. Economic Scene: Higher Taxes on Everyone Could Ease Spending Cuts 2013-01-22T23:46:17Z Or it could mean an entirely new tax, such as a value-added tax or a carbon tax.” High and Low Finance: Lessons From European Brinkmanship 2013-01-03T19:20:05Z Or it could mean an entirely new tax, such as a value-added tax or a carbon tax. Economic View: Too Much Wishful Thinking on Middle-Class Tax Rates 2012-12-29T19:36:58Z It is common in the country for small business owners to under-report sales and pay lower value-added tax. Tax evasion costs Greece 5 pct of GDP : EU tax chief 2012-12-15T20:32:46Z The big dip in retail sales was partly a result of consumers front-loading purchases before value-added taxes rose in some countries, James Nixon, an economist with Société Générale in London, said. Euro Watch: Spending Data Point to Continuing Woes in Euro Zone 2012-12-05T15:07:21Z Huge overhauls, like replacing the income tax with a consumption or value-added tax, could increase economic output in the long run by as much as 9.4 percent. News Analysis: A Simpler Tax Code, for Stronger Growth in the Long Run 2012-12-01T01:27:29Z Big-government social democracies, by contrast, rely on flatter taxes to finance their public spending, like gas taxes and value-added taxes on consumption. Economic Scene: Combating Inequality May Require Broader Tax 2012-11-27T23:44:07Z The big difference between the two is consumption taxes; Europe has hefty value-added tax and America has no national sales tax. Buttonwood: Converging world 2012-11-15T16:05:22Z EU ProSun also accused Chinese regions and localities of granting subsidies by paying interest, electricity costs, transaction costs for land and value-added taxes, and by offering credit guarantees. Europe Intensifies Chinese Solar Panel Investigation 2012-11-08T15:35:49Z That would be balanced by public spending cuts and a tiny rise in the value-added tax rate to 20 percent from 19.6 percent. France readies response to shock therapy industry call 2012-11-05T18:06:09Z In addition to this 47% increase, consumers will be charged a value-added tax and higher fees for network usage by utilities. Anti-Nuclear Plan Cutting Into Germany's Families 2012-10-17T04:42:34Z Further curbing demand is the recent increase in Spain’s value-added tax, essentially a sales tax. Spain May Pay Price for Delaying Aid Request 2012-10-15T17:18:19Z The latest package, adding up to €65 billion and announced in July, included the increase in the value-added tax to 21 percent from 18 percent despite previous pledges by the government not to raise it. For Rajoy, Pressure From Within and Without 2012-09-26T19:23:35Z The fiscal tightening will be especially marked next year, with value-added tax on consumption rising by one percentage point. Finland and the euro crisis: Northern gripes 2012-08-23T15:11:37Z "As long as everyone acts responsibly, then I am certain that my government will push through raising value-added tax, as well as church restitution." Czech PM confident can override vetoes on tax hike, church bill 2012-08-17T10:40:36Z Also on Thursday, and report the latest cabinet meeting approved a plan to extend a value-added tax pilot scheme in Shanghai to eight provinces and municipalities, including Beijing, Zhejiang and Guangdong. China media: Floods and Olympics 2012-07-26T05:39:58Z Others repealed a law adopted by the right earlier this year that cut salary-based charges that employers finance, shifting those costs to the general public in the form of a value-added tax increase. Hollande Legislates Sarkozy's Policies Into Oblivion 2012-07-22T00:05:27Z Carrots carry only a 4 percent value-added tax, so the theater pockets the 17-point differential, or roughly €2.40 per spectator. For Rajoy, Pressure From Within and Without 2012-09-26T19:23:35Z One of the main elements of the latest round of Spanish austerity measures is a rise in the value-added tax to 21 percent from 18 percent. Euro Watch: Spain Plans Tough New Austerity Measures 2012-07-11T11:21:01Z The main rate of value-added tax on goods and services will rise to 21 percent from 18 percent. Spain to implement new VAT rate in August: source 2012-07-11T10:18:28Z On Wednesday, for instance, Mr. Rajoy is expected to bow to European pressure and announce an increase in the value-added tax, a form of sales tax. Spain Gets Further Concessions on Its Bailout 2012-07-10T20:24:36Z Only a fifth of respondents supported Wilders' call to exclude Turkey from NATO, but more than half supported his proposals for cutting value-added tax and fuel duty. Dutch populists suffer, economy displaces immigration 2012-07-08T15:03:39Z Rajoy is expected to announce on Wednesday in Parliament budget measures including a likely hike in the value-added tax, and cuts to benefits for public workers. Spain to take more deficit reduction steps soon: Rajoy 2012-07-07T11:24:16Z A Europeanisation of some part of value-added tax would be a tremendous advance in combating the massive fraud that the existing system nurtures. Europe needs bold solutions to survive this summer crisis 2012-07-06T15:53:07Z The measure will avoid an increase in the value-added tax, a sales tax, until next year. Euro Watch: Stocks Slip in Europe and Asia as Markets Await U.S. Jobs Data 2012-07-06T11:23:31Z By contrast, the government cancelled a Sarkozy-passed increase on value-added tax paid by —a step the former president took to offset corresponding reductions in salary-linked levies he granted to businesses. French Tax Hikes Target Business and Wealthy Amid Stiffening Crisis 2012-07-06T08:35:35Z It will not raise the value-added tax on consumption, but says it will repeal an increase in the tax instituted by Mr. Sarkozy. France Faces Stiff Budget Cuts to Meet European Deficit Target 2012-07-02T20:23:06Z Rome is looking to raise money quickly to avoid raising the value-added tax, a sales tax, as planned in October. Euro Watch: Unemployment in Euro Zone Hits Record High 2012-07-02T11:19:03Z In Kazakhstan, each sale of such commodities is subject to 11 percent value-added tax. Islamic finance treads fine political line in Kazakhstan 2012-07-02T11:29:53Z While cutting state spending, the government also hiked the main value-added tax rate to 27 percent from 25 in January and announced new taxes on telecoms services and financial transactions. Analysis: Crisis-weary Hungarians lose faith in government 2012-06-17T12:13:33Z "He also avoided paying Spanish income and value-added taxes," says Blanco. Spain's White Elephants Feel the Pinch of Economic Crisis 2012-05-16T08:45:00Z Adding in a 12 percent value-added tax, Philippine movie producers were paying a tax rate of 42 percent for much of the past two decades. New Ambitions in Philippine Film Business 2012-05-07T12:22:04Z Mr. Sarkozy plans to raise value-added taxes on consumer products, and continue a program of not replacing half of all civil servants when they retire. French Presidential Election Stokes Investor Concern 2012-04-17T19:28:23Z A report last year by the Congressional Research Service found that for every 1 percent levied in a value-added tax, the federal government would raise up to $55 billion a year. Economic Scene: A Tax Code of Politics, Not Practicality 2012-04-11T00:27:16Z He would abolish the income tax for the vast bulk of Americans and replace the revenue with a 12.5 percent value-added tax. Economix Blog: Bruce Bartlett: How to Really Simplify the Tax Code 2012-04-10T10:00:46Z Under the new budget, which effectively becomes law immediately, the price of such items will henceforth include a value-added tax of 20 percent. A Tax on Snacks Aggravates Austerity Tensions in Britain 2012-03-29T21:27:23Z Third, financial services should no longer be exempt from value-added taxes. Political Economy: Rethinking the Distortions of Banking 2012-03-25T21:11:02Z A key plank includes a 75 percent marginal tax rate on income above €1 million and forgoing the planned increase in the value-added tax. French Presidential Election Stokes Investor Concern 2012-04-17T19:28:23Z Denmark and Sweden collect about 10 percent of their gross domestic product with a value-added tax, a modern tax on consumption. Economic Scene: A Tax Code of Politics, Not Practicality 2012-04-11T00:27:16Z The big thing for me is a dedicated value-added tax. An Interview With Victor Fuchs on Health Care Costs 2012-03-05T23:36:30Z He wants a value-added tax, which would be applied to economic transactions from the wholesale to the retail level. Tax Code Faces Another Year of Reckoning 2012-02-12T00:47:17Z The government raised the value-added tax and cut the non-taxable minimum income limit as part of measures to forgo progressive income taxes and higher real-estate levies. Latvia at risk of sending more into poverty, IMF report says 2012-02-08T01:55:03Z Mr. Wen said China will also push ahead with an existing, but small-scale trial to replace the country's business tax with a value-added tax. Wen Pledges Help for Small Businesses 2012-02-02T00:57:34Z Mr. Summers suggested that politics might turn in favor of a value-added tax if only the politicians were to focus on the opposite end of the argument. Economic Scene: A Tax Code of Politics, Not Practicality 2012-04-11T00:27:16Z The spike was caused by prices rising ahead of the increase in the lower value-added tax bracket at the start of the year and isn’t a reason to change rates, Governor Miroslav Singer said. Czech Central Bank to Keep Rates on Hold as Koruna Prevents Cut 2012-02-01T23:22:05Z This can be done directly, such as through a retail sales tax or value-added tax, or indirectly by exempting all saving from taxation. Economix Blog: Bruce Bartlett: How to Avoid Reinventing the Wheel on Tax Reform 2012-01-24T11:00:05Z He said he won’t raise value-added tax or cut civil servants’ wages. Rajoy’s Radio Silence Set to Be Broken as Sarkozy Visits Madrid 2012-01-16T04:43:09Z The three companies include revenue from an increase in value-added tax in their calculations. Tesco, Home Retail Lose Out as Competitor Discounts Hurt Sales 2012-01-12T12:29:02Z Al Ullman, the Oregon Democrat who was chairman of the House Ways and Means Committee, proposed a 10 percent value-added tax coupled to a reduction in income and payroll taxes in 1979. Economic Scene: A Tax Code of Politics, Not Practicality 2012-04-11T00:27:16Z Revenue at stores open at least a year were unchanged, excluding value-added tax, in the 18 weeks ended Jan. 7. European Stocks Rise as Alcoa Posts Results; BHP, Carmakers Gain 2012-01-10T11:07:02Z Revenue at U.K. stores open more than a year fell 1.8 percent excluding value-added tax in the general merchandise division in the 13 weeks ended Dec. 31. European Stock Futures Advance as Alcoa Earnings Match Estimates 2012-01-10T10:15:26Z Operators had to bump up food and drink prices last year to cover a rise in mandatory value-added taxes, French said. Resilient Pubs May Appeal to Investors More Optimistic on U.K. 2012-01-06T04:03:25Z The government presented a budget in October that included the equivalent of a value-added tax on lenders, raised taxes on natural resources, increased capital gains taxes and reduced spending. Iceland's Hardardottir Committed to Euro 2012-01-05T15:11:08Z But after important elections in February in Uttar Pradesh, the most populous state, the politicians may stop posturing and even co-operate to pass less contentious reforms such as a new national value-added tax. India?s slowdown: The case for the defence 2012-01-05T16:00:47Z BEIJING—China's government is proposing to eliminate its value-added tax on the distribution of vegetables in its latest effort to shield consumers from higher food prices. China Proposes Lifting Vegetable Tax 2011-12-20T04:41:42Z He said, "I realize I was always laughed at for being a humanist, a dreamer, a poet, instead of talking about value-added tax or something like that." The Death of the Playwright-President: Vaclav Havel (1936-2011) 2011-12-18T09:30:00Z China also collects a 17 percent value-added tax on almost everything sold in the country, whether imported or domestically produced. China?s 10-Year Ascent to Trading Powerhouse 2011-12-09T03:23:32Z Revenue at U.K. stores open at least a year fell 0.9 percent, excluding fuel and value-added tax, in the three months ended Nov. 26. European Stocks Climb Amid Speculation ECB Will Support Economy 2011-12-08T08:38:03Z It seems, Mr. Seaman said, that the value-added tax gap “discourages traditional publishers from innovating by effectively subsidizing them not to.” E.U. E-Book Sales Hampered by Tax Structure 2011-12-01T19:44:33Z The government also plans to raise taxes next year, including the value-added tax, a sales levy, and the excise tax. Hungary May Be Forced Into Policy Turn to Avert Debt Grade Slide 2011-11-28T06:44:01Z While Tanden spoke favorably of a value-added tax -- which is applied at every level of production on most goods and services -- she said it would be too disruptive to put in place. Obama Swap for Hillary Clinton Is ‘Ridiculous’ Idea, Tanden Says 2011-11-27T10:45:15Z The government last year introduced tough austerity measures including salary cuts and a rise in value-added tax to one of the highest levels in the European Union. Romanian mayor ends hunger strike over cuts 2011-11-26T17:21:47Z The government also plans to raise taxes next year, including the value-added tax and excise taxes. Hungary Kept on Watch Negative by S&P to Assess IMF Talks 2011-11-24T17:58:01Z Tax deductions will be reduced and the government plans to increase the value-added tax rate on some goods. Portugal’s Credit Rating Is Cut to Junk by Fitch on Debt 2011-11-24T14:50:45Z Other measures pledged to creditors include a reduction in tax deductions and an increase in the value-added tax on some goods. Portugal Braces for General Strike as Austerity Hurts Growth 2011-11-24T03:51:16Z Rajapaksa said Sri Lanka will scrap all customs duties on yarn, and remove the value-added tax on import of equipment required to modernize the nation’s textile industry in the financial year starting Jan. 1. Sri Lanka to Devalue Rupee By 3%, Plans Tax Cuts to Spur Growth 2011-11-21T23:33:45Z The United States could seek revenues outside the corporate sector, such as a value-added tax or additional taxes on capital gains, but these would be politically tough, he said. Corporate tax cut desired, hard to get: panel 2011-11-17T22:47:00Z They must also sacrifice a 20 percent rebate on the value-added tax. In China, Barbie's Reign May Be Short-Lived 2011-11-10T22:15:15Z The government also plans to raise taxes, including the value-added tax and excise taxes. Hungary May Be Pushed to Junk Grade This Month on S&P Move 2011-11-12T13:43:04Z Besides raising taxes on the wealthy, Sachs calls for a value-added tax and a tax on financial transactions, curbing tax evasion, and raising taxes on oil companies and banks. Sachs targets elites, Reagan legacy in his new polemic 2011-11-09T21:13:33Z The State Council, China’s cabinet, said in late October that it would experiment with lowering the value-added tax, which is typically 17 percent, at least for service businesses, potentially putting more money into circulation. China?s Businesses Find Loans Are Harder to Get 2011-11-07T17:35:40Z The country will increase some levies on large companies, push up the lower end of its range of value-added taxes and curb welfare spending, Prime Minister Francois Fillon said today. France Unveils EU7 Billion in Taxes, Spending Cuts to Defend AAA 2011-11-07T14:49:57Z The measures also include an increase in the discounted rate of value-added tax that is applied to things like restaurant meals, books and public transportation. French Austerity Measures Aimed at 'New Reality' 2011-11-07T13:56:10Z The austerity measures include a new rate of value-added tax for industries such as restaurants and a new levy on large companies, according to French press reports. Fillon to Unveil Austerity in French Bid to Save AAA Rating 2011-11-07T09:39:02Z The austerity measures include a new rate of value-added tax for industries such as restaurants, one less annual holiday a year for workers and a new levy on large companies, according to French press reports. French Austerity to Cut Deficit as Growth Slows, Juppe Says 2011-11-06T16:49:44Z Central bankers left rates on hold after a July 2010 increase in the value-added tax rate to meet international bailout pledges boosted inflation to the fastest in two years. Romania Unexpectedly Lowers Benchmark Rate to Record-Low 6% 2011-11-02T11:10:03Z The threshold for paying value-added taxes will increase for those businesses with monthly sales of at least 5,000 yuan, according to a statement posted on the website of the finance ministry yesterday. China’s Stocks Decline for Second Day After Manufacturing Growth 2011-11-01T02:14:02Z The rise in Italian prices was caused partly by an increase in the value-added tax. Mixed Signals for European Central Bank as Data Point to Slowdown 2011-10-31T12:54:32Z While a final decision hasn't yet been made on the plan's total amount, the government is mulling a marginal increase in value-added tax—a sales levy—but no overhaul of the country's VAT rate, said ... France to Unveil More Austerity 2011-10-27T14:45:30Z Companies would pay what Cain calls a corporate income tax, though it would be much closer to a European-style value-added tax. Ponnuru: Bad Math Hurts Cain’s 9-9-9 Plan 2011-10-18T00:23:06Z As mentioned in the financial aid program, tax deductions will be reduced and the government plans to increase the value-added tax rate of some goods. Portugal Plans Deeper Cuts in Time of ‘National Emergency’ 2011-10-14T12:07:01Z And a value-added tax is simply a form of a consumption tax. There is no such thing as the 9-9-9 tax 2011-10-13T15:11:00Z The 9-9-9 regime would operate as a value-added tax, or VAT, similar to those in the rest of the industrialized world, which Republicans have often opposed. Cain's 9-9-9 Keeps Levies on Gasoline, Beer 2011-10-13T15:37:02Z His previous administration froze the wages of government workers, lowered state contributions to private pension funds and increased the value-added tax rate by 1 percentage point to 23 percent. Inflation Bonds Lose Most Since 2008 on Slowdown: Poland Credit 2011-10-12T05:53:50Z Finance chiefs announced an income-tax surcharge to help cover a budget shortfall this year, as well as an increase in the value-added tax on electricity and natural-gas services. Portugal Wins Fans as Lenders Forgo Early Payout: Euro Credit 2011-10-05T10:06:02Z Sales at U.K. stores open a year or more fell 0.6 percent, excluding fuel and value-added tax. Tesco First-Half Profit Gains on International Businesses 2011-10-05T06:39:02Z They are also lobbying for the halving of Greek airport taxes, which are among the highest in Europe, and the reversal of the near-doubling of value-added tax in restaurants and bars, to 23 percent. To Tourists, Greek Debt Crisis Is a Distant Concept 2011-09-20T22:34:22Z A value-added tax is applied at every level of production on most goods and services. Cain's 9-9-9 Keeps Levies on Gasoline, Beer 2011-10-13T15:37:02Z The beer industry complains that some of the decline is due to steep increases in the value-added tax imposed on beer by some countries, including Greece. Economix Blog: Beer Drinking in Europe 2011-09-19T14:49:29Z Tariffs should also be imposed on countries with value-added tax systems. Buy American and Fairer Trade Can Solve Job Woes: Alan Tonelson 2011-09-19T00:24:03Z First of all, it’s not a sales or value-added tax, neither of which takes individual income into account. Economic View: Darwin, the Market Whiz 2011-09-17T18:59:20Z They have staff members who speak Chinese, store maps in Chinese and help for patrons to complete a “détaxe” form, which refunds most of the value-added tax. Paris Journal: Eager Chinese Shoppers Flock to Paris Stores 2011-09-15T00:58:11Z “A sales tax can also lead to a value-added tax,” she said. Cain's 9-9-9 Keeps Levies on Gasoline, Beer 2011-10-13T15:37:02Z On the eve of the Senate vote, the government said it would raise the value-added tax by 1 percentage point to 21 percent, increasing revenue by more than 4 billion euros a year. Berlusconi Austerity Plan Passes Senate to Fend Off Contagion 2011-09-07T22:23:07Z The package now includes an increase in value-added tax by one percentage point to 21 percent, a 3 percent levy on incomes over 300,000 euros and a higher retirement age for women. Berlusconi Austerity Plan Faces Confidence Vote in Senate 2011-09-07T08:05:01Z Metals stored there are exempt from a 17 percent value-added tax and import tariffs, bringing prices more into line with those traded in London and New York. Shanghai to Expand Metal Bonded Storage Fivefold to Boost Trade 2011-09-02T03:33:08Z One possibility was an increase in the value-added tax on sales. In Filettino, Italy, the Mayor Dreams of Becoming a Prince 2011-08-29T04:29:59Z The company saves money by manufacturing in China instead of Japan because the alloys are not subject to any Chinese export taxes or value-added taxes, he said. Chasing Rare Earths, Foreign Companies Expand in China 2011-08-24T19:53:16Z A proposed national sales tax, or a value-added tax, would have an even more negative impact on families at the bottom. Economix Blog: A Sales Tax on Wall Street Transactions 2011-08-22T10:00:22Z The retailer, second only to Wal- Mart, got about 12.5 billion euros in sales from Brazil last year including value-added tax, or more than 10 percent of the total. Wal-Mart Said to Explore Bid for Carrefour’s Brazil Business 2011-08-11T20:16:01Z The government is meanwhile freezing public workers’ salaries, lowering pensions and raising value-added tax rates. Portugal’s New Austerity Fails to Bring Down Yield: Euro Credit 2011-08-05T06:16:48Z Bold measures -- including overhauling entitlements, rethinking the uniquely dysfunctional U.S. tax code and considering a federal value-added tax -- must be on the table. U.S. Debt-Ceiling Agreement Is an Alarming Bipartisan Mess: View 2011-08-02T00:25:01Z For most industrial products that are manufactured in China using rare earths and then exported, China imposes no quotas or export taxes, and frequently no value-added taxes either. Chasing Rare Earths, Foreign Companies Expand in China 2011-08-24T19:53:16Z Deliveries from Ukraine are slumping as traders lose money because of customs duties and delays in getting back value-added tax, he said. Russia Targets Asia With Cheapest Wheat After Putin’s Ban 2011-08-01T16:09:19Z It could impose a value-added tax, or even a tax on carbon. A deal that found the lowest-common denominator 2011-08-01T03:52:44Z Tax deductions will be limited and some value-added tax rates will be raised. Portugal Slump to Deepen as Austerity Bites, Central Bank Says 2011-07-12T06:43:59Z “Inflation is being driven by surging world commodity prices, the effect of the weak pound on import costs and higher value-added tax -- all beyond retailers’ control.” U.K. Retail Inflation Quickens to Fastest Since 2008, BRC Says 2011-07-06T02:15:00Z More importantly, Mrs. Thatcher paid for her 1979 tax cut by nearly doubling the value-added tax to 15 percent, from 8 percent. Economix: The Legend of Margaret Thatcher 2011-07-05T10:00:29Z Roaming charges are levied in addition to normal long-distance calling charges and value-added taxes. Mobile Phone Roaming Charges Set to Drop on Friday 2011-06-30T19:01:54Z He said the next government needed to consider major tax reforms, such as raising its 7 percent value-added tax and closing tax loopholes. Analysis: A "Thaksinomics" renaissance in Thailand 2011-06-30T05:45:04Z Revenue rose 8.2 percent, boosted by January’s increase in value-added tax to 20 percent. U.K. May Deficit Narrows as Revenue Growth Outpaces Spending 2011-06-21T16:18:28Z Government initiatives to draw visitors include a cut in the value-added tax rate for hotel stays to 6.5 percent from 11 percent as of Jan. 1. Papandreou’s Tourism Gains Threatened by Fresh Wave of Strikes 2011-06-09T09:53:13Z Earlier, the senior official said the government also planned to cut corporate tax -- a demand of the conservative opposition -- and reduce value-added tax from 2012. IMF open to extending terms on Greek loans 2011-06-07T09:40:34Z The government also planned to cut corporate tax -- a demand of the conservative opposition -- and reduce value-added tax from 2012, the first official said, asking not be named. Greece sees austerity vote by end-June, tax cuts later 2011-06-07T07:17:57Z Mr. King noted that inflation was being driven primarily by higher prices for commodities and imports, as well as an increase in Britain’s value-added tax. Bank of England Cuts Growth Forecast for Britain 2011-05-11T15:56:08Z All imported goods used for construction and maintenance will be exempt from value-added tax and customs duty. Rio says reaches accord with Guinea over Simandou 2011-04-22T19:21:30Z The government initially forecast a 13.7 percent increase and was forced to reduce the goal twice as increases in value-added taxes and levies on alcohol, tobacco and fuel failed to generate enough income. Greeks Gird for Losses as Debt-Cutting Odyssey Enters Year Two 2011-04-21T16:56:12Z The other approach to increasing the number of federal taxpayers, Bartlett said, would be to impose a federal consumption tax, such as a value-added tax. Nonpayers Complicate Republican Push to Revamp Tax Code 2011-04-18T13:28:46Z Except for the U.S., all other major industrialized countries levy value-added taxes that help cover the cost of government and are used to hold down corporate tax rates. U.S. Companies Pay World’s Sixth-Highest Tax, Study Finds 2011-04-14T18:51:12Z Geithner said at an event in Washington that he did not expect any “enthusiasm” for a U.S. value-added tax. Geithner Says U.S. Has More Room to Raise Taxes Than Others 2011-04-14T13:09:42Z The government will also lower taxes for pensioners as well as cut the value-added taxes for restaurants. Sweden Sees Surplus, Plans Tax Cuts as Economy Beats Europe 2011-04-13T09:41:01Z Signs of a faltering economic recovery as well as the government’s value-added tax increase and the deepest spending cuts since World War II are undermining consumer confidence. U.K. Retail Sales Plunged Most on Record in March, BRC Says 2011-04-12T08:21:01Z Signs of a faltering economic recovery as well as the government’s increase in value-added tax and spending cuts are undermining consumer confidence. U.K. Retail Sales Plunged Most on Record in March, BRC Says 2011-04-12T03:10:17Z Engler said he and the CEOs he represents wouldn’t support a value-added tax on top of the current U.S. tax system and that he didn’t think one was politically feasible. U.S. Companies Pay World’s Sixth-Highest Tax, Study Finds 2011-04-14T18:51:12Z The U.K. consumer has been less willing to spend since January, when a value-added tax increase took effect, and as higher oil prices knocked back spending power. M&S CEO Bolland’s Honeymoon May Be Over 2011-04-04T23:06:29Z Consumer spending is under pressure in Britain as government budget cuts and an increase in value-added tax to 20 percent from 17.5 percent at the start of the year undermined household confidence. Laura Ashley Falls on Lower U.K. Sales 2011-03-31T15:39:46Z Importers pay a 25 percent custom duty and a 17 percent value-added tax. Why Lexus Doesn't Lead the Pack in China 2011-03-24T21:00:00Z Last week U.K. lawmakers voted down a Labour attempt to force the government to reverse an increase in value-added tax on road fuel. British Bonds Best as Cameron U.K. Austerity Makes BOE Pause 2011-03-21T00:14:48Z Retailers are under pressure to raise prices after the government increase value-added tax and the cost of commodities including oil, cotton and wheat surged. U.K. Shop-Price Inflation Quickens as BOE Begins Policy Meeting 2011-03-09T00:11:33Z Much of the deficit progress was achieved through cutting government spending, including civil-servant wages and raising value-added taxes. Greece Debt Downgrade by Moody’s Sends Default Risk to Record 2011-03-07T17:33:02Z In July, the main rate of value-added tax rose to 18 percent from 16 percent. Telefonica Fourth-Quarter Profit Drops on Lower Spanish Sales 2011-02-25T06:47:39Z Revenue at U.K. stores open at least a year rose 0.6 percent, including value-added taxes and excluding gasoline, in the six weeks ended Jan. 8, compared with Sainsbury’s 3.6 percent growth. Tesco’s Clarke Faces ‘Big Struggle’ in U.K. as Rivals Close In 2011-02-25T00:10:36Z Soon, however, they were asking customers to show their receipts — an indication that the trendy night spot was paying value-added taxes. Despite Efforts by Greece to Limit Tax Evasion, the Payments Still Only Trickle In 2011-02-21T01:30:34Z Kingfisher Plc, Europe’s largest home-improvement retailer, said yesterday it expects a “particularly tricky” first half, with only a “slightly better second half” as the value-added tax increase and public-sector job cuts discourage spending. U.K. Retail Sales Surge on Rebound From Cold Weather 2011-02-18T09:52:03Z The gain was led by gasoline, restaurants, alcohol and automobiles, which the statistics office said were particularly affected by an increase in the value-added tax rate. U.K. Inflation Reaches 26-Month High, Forcing Letter 2011-02-15T09:57:01Z Consumer confidence plunged the most since 1994 last month as the government implemented its budget squeeze, which includes an increase in value-added tax on sales. U.K. Retail Sales Advance at Fastest Pace in 10 Months, BRC Says 2011-02-08T08:24:36Z A Brookings Institution report in 2007 promoted that idea to be funded with a 10 percent to 12 percent value-added tax on goods and services. Death Panel for Obamacare Would Look Like This: Ann Woolner 2011-02-02T02:23:05Z The latest hacking attacks followed value-added tax fraud in the past two years and the theft of 1.6 million of allowances reported in November by Holcim Ltd., the Swiss cement maker. Organized Crime May Be Behind Carbon Permit Thefts, EU Says 2011-01-31T09:37:38Z The statistics office said the government’s increase in value-added tax and the freezing weather affected demand in December and January and it estimates sales growth of 0.5 percent over the two months. U.K. Retail Sales Surge on Rebound From Cold Weather 2011-02-18T09:52:03Z The bulk of the austerity measures are being implemented only this year, including an increase in value-added tax that started this month. British Economy Shrank in Fourth Quarter 2011-01-25T15:41:17Z It also increased prices in Britain to cover a January 1 value-added tax increase. McDonald's likely to raise prices in 2011 2011-01-25T00:23:17Z Economists at Investec Securities and Ernst & Young LLP’s Item Club say inflation may accelerate to 4 percent after the government increased value-added tax to 20 percent from 17.5 percent on Jan. 4. King Called to Task as Lawmakers Heed Inflation Fears 2011-01-19T09:46:02Z To ease food costs, the government agreed to suspend customs duties and value-added tax on imports of raw sugar and edible oils until the end of August, the official Algerian news agency reported. Ben Ali’s Tunisian Ouster Reverberates Through Middle East 2011-01-15T23:07:13Z These include spending cuts, an increase in value-added tax on sales and public-sector job cuts. BOE Holds Stimulus as Cameron’s Spending Squeeze Looms 2011-01-13T12:28:01Z Grocers face a more difficult 2011 as an increase in U.K. value-added tax weighs on consumer confidence and government spending cuts reduce spending power. Sainsbury Sales Rise as Britons Buy Luxury Brands 2011-01-12T10:01:01Z An increase in value-added tax and the impact of government austerity measures are likely to constrain shopper spending, while rising commodity prices also present a test, London-based Marks & Spencer said today in a statement. Marks & Spencer Sees Tough Times Ahead After Holiday Sales Gain 2011-01-11T09:12:02Z He conceded that this month’s increase in value-added tax to 20 percent from 17.5 percent will be “pretty permanent.” Cameron Says State-Held RBS Should Pay Lowest Bonuses 2011-01-09T14:58:01Z The government increased value-added tax on sales to 20 percent from 17.5 percent yesterday as it takes steps to reduce a record budget deficit. Next Keeps Forecast as Directory Growth Offsets Stores 2011-01-05T10:13:09Z Chavez said Dec. 13 that he’s also planning to increase the country’s value-added tax rate from 12 percent to bolster revenue and fund housing and infrastructure projects after torrential rains left 130,000 homeless. Chavez Devaluation ‘Too Timid’ to Narrow Deficit 2010-12-31T15:25:01Z The government is not considering raising the value-added tax, Santos said. Santos May Raise Wealth Tax to Finance Colombia Rains Recovery 2010-12-24T16:43:18Z Revenue rose 3.1 percent in November from a year earlier, the least this year, held back by repayments of value-added tax to companies, the statistics office said. U.K. Budget Gap Swells to Record as Spending Jumps 2010-12-21T09:40:01Z The country’s inflation rate, at 5%, is still well above Germany’s, although part of that differential is due to increases in value-added tax. Economics focus: All pain, no gain? 2010-12-09T10:31:00Z Total sales for the Next Brand rose 0.2 percent, excluding value-added tax, through Dec. 24. Next Keeps Forecast as Directory Growth Offsets Stores 2011-01-05T10:13:09Z China levies import duties of between 10 percent and 20 percent on European handbags, plus a value-added tax of 17 percent. Chinese Shoppers' Long March Through Europe 2010-12-02T22:00:00Z He said that as a matter of principle, the UK should not impose value-added tax on the construction of a chancery building. US embassy cables: Darling rejects ambassador's VAT waiver request 2010-12-01T15:28:00Z For the French value-added tax, I assumed that the income incidence was the same as Professor Pechman calculated for the state and local sales taxes. Economix: Who Pays for Big Government? 2010-12-01T15:56:00Z My preference would be for a national sales tax or value-added tax. Zakaria: Facing Up to the Deficit Test 2010-11-19T14:25:00Z Britain is increasing its value-added tax to 20 percent from 17.5 percent. The British Ax, if Imported Here 2010-10-23T19:15:00Z In June, Mr. Osborne also unveiled an increase in value-added tax next year that will increase the cost of many basic transactions. Britain Details Radical Cuts in Spending, Citing Debt 2010-10-20T15:06:00Z The report studied the potential effect of a 10.3 percent value-added tax, or VAT, a form of sales tax applied at every stage of production. Retail group's analysis paints dire image of a value-added tax 2010-10-14T04:30:00Z Listening to Rand Paul and Paul Ryan, among others, the answer is a national sales tax or value-added tax, known in Europe as a VAT. "No new taxes" for GOP -- except a national sales tax 2010-10-13T17:08:00Z His 2011 plan includes a one-time tax on companies and an increase in the midrange value-added tax to 13 percent from 11 percent. Greece Presents Austerity Budget for 2011 2010-10-04T18:39:00Z They include a 5 percent cut in public sector wages and raising value-added taxes by two percentage points, to 23 percent. Portuguese Prime Minister Moves to Satisfy 'Unfair' Markets 2010-09-30T21:55:00Z Still, Andorra’s planned value-added tax, at 4.5 percent, will be far below that of almost every other Western nation, local politicians noted. Adding Taxes, Shedding Secrecy 2010-08-27T19:06:00Z German prices still rose more slowly in July than in Spain, Greece and Portugal, where increases in value-added taxes, designed to help reduce government budget deficits, led to higher prices. Euro-Zone Inflation Rises on Higher Energy Prices 2010-08-16T16:27:00Z |
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