Comments on: Minimum Rate of VAT http://www.economicshelp.org/blog/economics/minimum-rate-of-vat/ Economics Blog - current events and economics essays Mon, 15 Mar 2010 10:06:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Vinny Burgoo http://www.economicshelp.org/blog/economics/minimum-rate-of-vat/comment-page-1/#comment-2108 Vinny Burgoo Mon, 08 Dec 2008 17:19:37 +0000 http://www.economicshelp.org/blog/?p=1004#comment-2108 It might also be relevant that the institutions of the EU receive about 20 billion euros a year from VAT collected by the member states. It's possible that the 15% minimum is, in part, a hangover from the days when the EU was funded mostly by such VAT-based "own resources". It might also be relevant that the institutions of the EU receive about 20 billion euros a year from VAT collected by the member states. It’s possible that the 15% minimum is, in part, a hangover from the days when the EU was funded mostly by such VAT-based “own resources”.

]]> By: Chris http://www.economicshelp.org/blog/economics/minimum-rate-of-vat/comment-page-1/#comment-2032 Chris Sun, 30 Nov 2008 21:30:27 +0000 http://www.economicshelp.org/blog/?p=1004#comment-2032 Thank you very much for taking the time to answer. It seems strange that all the pieces I have read on the rate cut, that take the time to mention the minimum rate of 15%, never explain quite why it's there. Surely there should be a healthy debate about its usefulness, especially when it arguably impinges on a member nation's ability to adequately respond to a crisis. Once again, many thanks. Thank you very much for taking the time to answer.

It seems strange that all the pieces I have read on the rate cut, that take the time to mention the minimum rate of 15%, never explain quite why it’s there.

Surely there should be a healthy debate about its usefulness, especially when it arguably impinges on a member nation’s ability to adequately respond to a crisis.

Once again, many thanks.

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