VAT Increase Backfires in Spain, Supermarket Sales Plunge 7.2%
MishTalk
OCTOBER 15, 2013
'The nannycrats in Brussels and the IMF keep pressuring Spain to hike the VAT and Spain does every time. The results are easily predictable. Via translate from El Econimista , please consider VAT Rise is "Catastrophic". Anged, the "Association of Large Distribution Companies" suffered a 7.2% drop in sales through August, the biggest drop in sales since the crisis began.
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