Some of the announced changes have already started, like VAT and resource pricing reforms.
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Refundable tax credits would offset the regressivity of the VAT for those with low incomes.
He is not, for example, arguing for a short-term cut to VAT to boost demand.
The IMF says a shortfall in VAT receipts suggests some firms are not complying.
In many countries, the transition from CTT to VAT has witnessed a spurt in inflation.
His government has reduced the VAT and abolished the corporate asset tax in 2004.
It claimed back VAT on bogus Europe-wide business transactions in a scam known as carousel fraud.
French restaurants are already angry that they pay higher rates of VAT than their franchised counterparts.
This VAT has a very broad base (no exemptions for food and clothing, for example).
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Sainsbury's told the BBC that when VAT was excluded its sales were up 0.9%.
Of course, the same applied in spades to the increase in VAT a few years ago.
Value Added Tax or VAT is a kind of sales tax in much of the world.
They agreed to the VAT increase only because they will get half the proceeds.
They have previously had their own proposals to deal with VAT fraud rejected by the commission.
"This is an issue about how we draw the VAT boundaries fairly, " he said.
Then, with more, comes consumption taxes: things like a sales tax or a VAT.
It's part of a long-running tussle over VAT and energy between the UK and the Commission.
But the European Commission says the reduction on energy saving products breaches the VAT directive.
This was before a two percentage point increase in the VAT in July 2010.
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The VAT of 20% is rather high, but below that of Greece at 23%.
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Each country would pledge a specified tax (such as a VAT surcharge) to provide the cash.
Of her programme, voters mainly recalled the plan to increase VAT, which they dislike.
The FSB is urging VAT be cut to 5% in the construction and tourism sectors.
Mr King said that the overshoot would be temporary, partly because it reflected the VAT increase.
An importer would buy goods without VAT because they came from another European Union country.
VAT, and the government makes no attempt to price in the environmental costs of flying.
Higher costs for the revenue raised come from consumption taxation (VAT and sales taxes).
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Even before the VAT rise, the budget relied for two-thirds of its impact on tax rises.
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He has cut civil-service pay by 5%, raised VAT and ridden out a general strike.
He also repeated his pledge not to increase VAT, income tax or tax on companies.
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