- A German survey found strong opposition to raising VAT to fund income tax cuts.
- In the scenario tested, only 25% supported the reform, while 42% opposed it.
- Opposition was especially high among older people and lower-income respondents, though it remained stronger than support even among higher earners.
- More than half said a VAT hike would make them save more rather than spend.
- NIM said people react more strongly to price increases than to extra income.
Source: msn.com
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.
