New French president Nicolas Sarkozy is battling against proposals by his
government to raise VAT.
The French government is planning to raise VAT by 5% to 24.5% to help reduce
the burden of social security payments on companies, but Sarkozy said he would
not accept a VAT rise ‘in its current form’, reported The Guardian.
He said he did not want to decrease French buying power, and that no decision
on a VAT rise would be made until the effects of VAT increases in other
countries was studied.
President Sarkozy has previously stated he would look
to cut taxes, including providing tax incentives to workers.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...