@ISIDEWITHQuestionseconomy8yrs ago

Should VAT rates be increased or decreased?

Increase Decrease Decrease, to provide economic growth Increase, to help sustain the economy Increase, but only on luxury purchases Decrease, but only on food and medicine

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@98WBV2VCivic Coalitionfrom Alberta answered…1yr1Y

Decrease on essentials but increase on luxury purchases.

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@8T85R4JIndependentanswered…3yrs3Y

Decrease, since it is regresive tax: less wealthy people tend to spend a proportionally larger share of their money on VAT-taxed products than the wealthy.

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