Experts Warn: Lower Food VAT Is Useless
9 Articles
9 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.
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 […]
It is a decidedly bad idea to lower VAT on food. Drop those plans and instead use the money to make the temporary reduction in electricity tax in 2026 and 2027 a permanent solution. This is the crystal-clear advice from the International Monetary Fund, IMF, to the Danish government.
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