Saturday, March 20, 2010

Small Excise Taxes and Fees in Europe

The States are not the only entities that are looking into small excise taxes and fees to balance their budgets. European governments are as well, often clothing them as badness taxes. They include Finland and Denmark taxing junk food. And governments are finding they have to refund taxes on business; France is taxing sea food (invertebrates) so as to give a rebate on fuel tax for fisherpersons. The V.A.T. tax is 19.8 percent in Britain this year and slaighted to go beyond 20 ercnet.

And France is introducing a carbon tax, Britain is taxing airline tickets, billing it as good for the environment.

Reference

Saltmarsh, Matthew, "Nicked at Every Turn" The New York Times, Thursday March Eighteenth, Volume CLIX, No 54,983, Page B1,B4

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