It also cut social-security contributions, partly making up the shortfall with higher value-added tax.
An alternative is a value-added tax, which all other OECD countries have (see article).
It may be a broad-based levy such as a Value-Added Tax or an energy tax.
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For their part, some states are challenging the equalising allocation of value-added tax revenues.
The only real way to pay for those benefits will be a value-added tax, or VAT.
Spain is reversing its fiscal stimulus by raising its main value-added tax rate next year.
Despite the fillip from the temporary reduction in value-added tax, consumer spending will fall sharply.
The many lawyers in Congress recently decided to exempt their profession from value-added tax.
The tax hikes include a rise in the value-added tax and a (risk-adjusted) levy on bank profits.
For example, we could create a value-added tax, which every other rich country in the world has.
Italy's value-added tax rate on hotels and bars is 10%, compared with 7% in most European countries.
Previous price rises, caused by weaker sterling and an increase in value-added tax, continue to chill consumption.
You could think of it as a Value-Added Tax on financial transactions which are normally exempt from the VAT.
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Ms Salgado is already raising value-added tax, with the top rate going from 16% to 18% in July.
When the revenue doesn't materialize, Democrats will move to soak the middle class with a European-style value-added tax.
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In replacing business taxes with a value-added tax, the government has eased the fiscal burden on small firms.
The drop happened despite expectations of higher spending in advance of a value-added tax increase coming in January.
But some state governors worry about losing revenue from the changes, which involve introducing a uniform national value-added tax.
But their most visible reform, the introduction of a 10% value-added tax, has not been a wholly happy experience.
And Merkel is still plowing ahead with her economic restructuring plan, even pushing through a dreaded value-added tax increase.
He has backtracked on proposals that have met strong resistance, such as levying value-added tax on food and medicines.
For example, harmonisation of India's cascading sales taxes by introducing a uniform national value-added tax has repeatedly been postponed.
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Fox's effort to get more comprehensive fiscal reforms through the Congress--including a 15% value-added tax on food and medicine--failed.
PRD, in contrast, wants value-added tax removed from a range of basic goods and services, but increased on luxuries.
So there were few complaints in September when the government imposed a 10% value-added tax and raised electricity prices.
Some goods and services now subject to a reduced value-added tax rate will have to bear the full 16% rate.
President Obama will renew his efforts to pass a value-added tax (which I don't think will pass this election year).
Despite increasing consumption taxes like VAT (value-added tax), the informal economy can still provide relief through various markets and bazaars.
The government's efforts to raise taxes, notably an attempt to impose a 17% value-added tax in 1995, ended in riots.
In addition to this 47% increase, consumers will be charged a value-added tax and higher fees for network usage by utilities.
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