The minister of economic affairs, De Block, resigned, officially as a protest against the wage rise in the metal industry, but another reason was his slow reaction to the inflation and rising prices after the introduction of Value added tax.
Known as the Value-Added Tax ("VAT") it covers almost all items at a 17.5% tax rate and a 8.75% for hotel accommodations.
tax | income tax | United States Tax Court | tax evasion | Tax evasion | sales tax | Inheritance tax | Tax Reform Act of 1986 | Tax | Progressive tax | Value Added Tax (United Kingdom) | Value Added Tax | Tax per head | property tax | Income tax in the United States | Withholding tax | Value added tax | Tax refund | Tax Foundation | Tax exemption | Swedish Tax Agency | Sales tax | Registered Tax Return Preparer | Pasty tax | Liberty Tax Service | Internet Tax Freedom Act | Income Tax Act | Income tax | gift tax | flat tax |
Despite the resolution of the 2012 "Pasty tax" matter, the BBC has reported that some Cornish Pasty Association members are still unsure whether Value Added Tax applies to their baked goods.
Under the guidance of Finance minister and current party leader Benjamin Netanyahu, Likud pushed through legislation reducing value added tax (VAT), income and corporate taxes significantly, as well as customs duty.
Pasty tax was a popular phrase used by the British press to describe a proposal made by the Chancellor of the Exchequer, Conservative MP George Osborne, in the 2012 United Kingdom budget to simplify the tax treatment of “hot takeaway food” so that Value Added Tax (VAT) would be charged at 20% in all cases.