The Virtual Pub

Come Inside... => Saloon Bar => Topic started by: Barman on August 15, 2011, 11:59:31 AM

Title: VAT to Rise!
Post by: Barman on August 15, 2011, 11:59:31 AM

Quote

The Cyprus government has put forward a proposal to raise VAT by 2%, from 15% to 17%.  The hike is part of a range of Euro 750m austerity measures submitted for the Parliament to approve, potentially this week.   The proposals are linked to the long term problem of state pension funding and the islands' exposure to the troubled Greek economy.  The announced proposed VAT rise was not enough to prevent the credit agency, Fitch, from downgrading Cyprus' debt to BBB on Wednesday.

Cyprus' current VAT is at the lowest permitted by the European Union: 15%.

Bastards!  cussing:

From here. (http://www.tmf-vat.com/tmf-in-the-media/cyprus-to-increase-vat-by-2-to-17.html)

Title: Re: VAT to Rise!
Post by: apc2010 on August 15, 2011, 12:04:24 PM

 cussing: 

Title: Re: VAT to Rise!
Post by: Nick on August 15, 2011, 12:08:05 PM

Smug club gubbed  point:

Title: Re: VAT to Rise!
Post by: Snoopy on August 15, 2011, 12:30:58 PM

Welcome to our world  whistle:

Title: Re: VAT to Rise!
Post by: Barman on August 15, 2011, 12:47:26 PM

It was bleddy 10% when I got here!  cussing:

Title: Re: VAT to Rise!
Post by: Snoopy on August 15, 2011, 01:05:46 PM

Shouldn't have joined the EU.  point:

Title: Re: VAT to Rise!
Post by: Barman on August 15, 2011, 01:08:51 PM

Quote from: Snoopy on August 15, 2011, 01:05:46 PM

Shouldn't have joined the EU.  point:

I know... we all told them that...  ::)

They were convinced that EU membership would solve the 'Cyprus Problem'....  noooo:

They simply wouldn't believe that the EU was only after their money!  cussing: