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Re:'Reading crisis' prompts Denmark to end 25% tax on books by Rnonymous on Thursday August 21, 2025 @02:53AM (#44969839)
I was under the impression that VAT taxes are considered to impact mostly the poor. While in absolute terms the rich are impacted most, in percentage terms VAT is considered a much smaller portion of expenses for the rich than the poor. I quote: "VAT is a regressive tax, putting more burden to the poor than to the rich. Indeed, VAT applies the same rate to everyone regardless of their level of wealth – but the richer you are, the lower the proportion of your revenue goes to consumption."
Re:'Reading crisis' prompts Denmark to end 25% tax on books by hdgvhicv on Thursday August 21, 2025 @03:13AM (#44969963)
In the U.K. most living expenses are don’t get charged vat, or get charged at a low rate - food, rent, public transport are vat free, electric, gas are low rated.