comment:
bruce birkett
Let's just recognize that with high VAT rates (23% in Portugal) not only do goods get less attractive to purchase (i.e. less consumption) but also, any new business has a higher hurtle rate (economic-utility function) to reach to get buyers.
Maybe not directly a Laffer Curve relationship, but clearly close.
We are looking at starting a business and, before any other costs of goods sold, we are looking at handing over 23% to the government.
COMMENTS
Comment bruce birkett
Maybe not directly a Laffer Curve relationship, but clearly close.
We are looking at starting a business and, before any other costs of goods sold, we are looking at handing over 23% to the government.