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Higher VAT and taxes on alcohol

27 April 2012

The Netherlands’ caretaker government reached a budget deal with three opposition parties on Thursday, mere days before an April 30 deadline when the country is expected to submit its spending plans to the European Commission for review.
Among the most notable measures are an increase in the value added tax by 2 percentage points (to 21 percent) and higher taxes on alcohol, soft drinks and tobacco products.

Source: Atlanticsentinel.

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