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Abstract Green VAT for business that will help Europe go greener and also increase the competiven...
Abstract Green VAT for business that will help Europe go greener and also increase the competiveness of our industry by decreasing the VAT by 5 %. It is a two-step VAT by applying it to manufacturers and also you and me. A benefit it has is it not an economic burden for industry for not producing green products. Instead they are given an incentive to produce green products by giving them a lower VAT and thereby gain a competitive advantage against other industries outside the EU-zone.