• VAT discount won’t be scrapped before 2013

German Finance Minister Wolfgang Schaeuble said in an interview with German-based The Bild newspaper today that scrapping the discount on value-added tax on certain goods and services such as hotels won’t happen before 2013.

He said decisions will not be made until after the government has completed evaluating the tax system, news wires reported.

http://preview.bloomberg.com/news/2010-06-11/schaeuble-opposes-raising-top-tax-rate-calls-budget-cuts-fair-bild-says.html

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