Britain and France have launched a campaign within the EU to slash VAT rates
on products that are environmentally friendly.
The campaign is seen as a major move to combat climate change, but tax
experts have warned that any such moves could be faced with major practical
difficulties and lead to trade discrimination against third world countries, the
Following talks with UK prime minister Gordon Brown, France’s president
Nicolas Sarkozy said the countries would press the EU to make the VAT cuts.
One major problem with the plan could be how to decide what products should
receive the lower VAT rate. Biofuels, for example, help to cut emissions but are
blamed for driving up food prices in the developing world.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states