- Portuguese business paper Negócios asked readers about Finance Minister Joaquim Miranda Sarmento’s claim that the 2016 VAT cut for restaurants was a “serious mistake.”
- Sarmento, echoing IMF criticism, said the measure was economically and fiscally wrong and should be reversed by Parliament.
- The restaurant VAT cut, introduced by a previous Socialist government, costs about €1 billion a year.
- Reader opinions were split: 47 fully agreed it was a “serious mistake,” while 54 fully disagreed.
- Overall, more readers disagreed with Sarmento (75) than agreed (52), with 13 undecided.
Source: jornaldenegocios.pt
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
