Sentence examples for hike vat from inspiring English sources

The big tax hike, VAT, hits the poor more than the rich, who spend a lower proportion of their income on VAT'd goods.

Abe (pictured) is due to hike VAT  by three percentage points next April to help address Japan's poor public finances, but this will put a further handbrake on growth.

The plan for Greece amounts to imposing centralised control under duress: accept the need to run permanent budget surpluses, change labour laws and hike VAT – or leave the euro for five years.

"Ministers must also accept their share of responsibility for eye-wateringly high prices at the pumps thanks to their decision to hike VAT on fuel".

VAT rate hikes will boost VAT evasion.

Spain's Tourism Commission has estimated that hiking VAT to 21%, from 18% at present, will cost €2bn.

But rather than easing the burden, the government has made things worse by hiking VAT and cutting much needed tax credits".

The priorities were absolutely clear, from hiking VAT, which hits the poor hardest, and the continuous cuts in the corporate tax rate, a Robin Hood in reverse.

According to a source close to the talks, measures under discussion include: Hiking VAT to between 23% and 25% (it's 21% at present) Cuts in the bonuses and wage supplements on offer to state workers A 10% (or greater) hike in taxes on petrol, tobacco products and alcohol.

And now everyone who agreed with you that it was a bit off for the chancellor to proclaim "we're all in this together" before slashing public-sector jobs, hiking VAT to 20% and then heading to Switzerland for a week schussing merrily down alpine slopes secretly agrees with me.

Obviously hiking VAT, even to a more general level of, say, 12 per cent, would on the whole hit the poor rather than the rich, but we can devise better ways to help those in need, through taking more out of taxation and national insurance, and improving targeted benefits for those out of work, and building an economy that creates better-paid and more secure jobs.