VAT news tagged as "Black market"

France

French VAT rises swell black market economy

January 29th, 2014

Rises in the standard and reduced French VAT rates have led to an increase in cash-in-hand trading according to a university black market expert. ┬áIt is believed that the undeclared economy is now worth 10.2% of the French GDP. French VAT rise to 20% 2014 The French standard VAT rate rose to 20% from 19.6% …