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How the world sees Greece
Friday, August 2, 2013
Greece cuts VAT on meals to encourage tourism
VAT sales tax on restaurant meals, take-aways and catered food has been cut from 23 percent to 13 percent. The move by the government was intended to boost tourism, a crucial industry for the economy. The Finance Ministry expects the move to bring down prices by an average eight percent. Economist Panagiotis Petrakis told euronews this was a rare opportunity that should not be squandered: ...
