Value added tax (VAT) seems to be the go-to tax to stimulate the economy in the current coronavirus (COVID-19) crisis. Tax holidays, in which governments delay the collection of VAT, is one specific measure some countries are considering. At first glance, this seems like a practical and easy way to implement a strategy to stimulate the economy and improve the cash flow position of many businesses. However, this incentive could be the wrong measure given that it is potentially risky and unfair.
Source: vertexinc.com
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