Details

  • Service: Tax, Global Indirect Tax
  • Type: Business and industry issue
  • Date: 1/13/2009

Global indirect tax brief — issue 13, January 2009 

A round-up of developments in VAT, GST, Trade & Customs and other indirect taxes in 22 countries. This issue is themed “Indirect tax — the fiscal solution in 2009?”
Global indirect tax brief — issue 13, January 2009
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The global economy is really suffering from the current financial and economic crisis. As a result, many governments find themselves caught in the middle of a un-precedented financial squeeze. Tax revenues are falling at the very time that governments are being forced to commit additional funding to support their banks and other key industries. It is clear that the figures just won't add up for many governments and that the option of increasing levels of government borrowing has its limits.