Economy Is on the VAT Inclined Point by Micron Associates
posted by ironsish 34 days ago under micron associates hong kong, madrid spain, economy is on the vat inclined point by micron ass
Campo de las Naciones, Madrid -- (SBWIRE) -- 04/10/2012 -- Micron Associates - IRELAND MAY reached the inclined point when it comes to the capability to lift up additional revenues through VAT augmentation, said Grant Thornton, tax experts.
In view of the exchequer figures, Peter Vale, tax partner in Grant Thornton expected to see a considerable increase in VAT receipts compared with the same period in 2011 as the top VAT rate which had augmented by 9.5 percent in real terms. The figures do not show that to be the case. While, the tax hold is up on last year, the VAT returns will probably point out a drop in the retail sales as it compared to the same period last year. Meanwhile, Grant Thornton questioned the suggestion made by the Irish Fiscal Advisory Council in which the extra €400 million in budget measures is necessary to meet the Ireland’s deficit targets. » Economy Is on the VAT Inclined Point by Micron Associates |
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