IMF Warns Denmark Against Lower Food VAT - The Copenhagen Post
10 Articles
10 Articles
A lower VAT will, among other things, hit the state unevenly and cost the state dearly, according to the International Monetary Fund (IMF).
"Lowering the VAT on food will hit the economy unevenly, be difficult to roll back, cost the state a lot of money and benefit people with high incomes more," says a brand new assessment from the IMF.
The International Monetary Fund (IMF) has published a new status report for the Danish economy. Gifts should not be distributed, and the lower VAT on food should be scrapped.
Lower food VAT will be expensive and will not help those who have the least money, is the assessment from the International Monetary Fund, IMF, in a new review of the Danish economy.
IMF warns Denmark against lower food VAT - The Copenhagen Post
The International Monetary Fund (IMF) does not recommend that the Danish government cut VAT on food. In its report, the IMF notes that lowering VAT would be difficult to roll back, costly for the state, and would primarily benefit high-income earners. Furthermore, falling food prices since the beginning of the year reduce the need for […]
The International Monetary Fund (IMF) has criticized Denmark’s plans to cut value-added tax (VAT) on food, saying the measure is poorly targeted and costly. The new center-left government wants to eliminate VAT on fruit and vegetables and halve it for all other foods – a measure that ministers estimate will cost 17.4 billion […]
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