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BREXIT: BRITAIN POISED TO NOT REPEAL VAT

EU rules required the UK to introduce VAT to become a member, remember?

This European VAT comparison comment might have ruined everything if English-readers inside the feudal fiefdom had gotten hold of it. 

The EU decided Žito was for sale and it's now 87% Croatian owned. 

The profits mentioned in the article are just some accountant's joke, btw.  Probably siphoned off to a holding company.

Deleted from The unknown-in-Slovenia Times in September 2014.

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GOODBYE TO ALL VAT

A most astonishing thing --
Nine and a half percent derived;
(Hurrah for the flours of Spring,
For Spring is here again.)

Nine and a half percent derived;
From each ragged beggar-man,
Nine and a half percent derived,
By state from a farmer boy,
And never have I danced for joy.

(after W B Yeats)


Ha ha if they want to make a third of a cent on every euro they turn over that's great!  We don't want them profiting from hunger, or next thing you know the government will be expecting a cut every time somebody eats.  

What's that...?  Oh they do?  

So the misunderstanding here is not about the amount of profit, but who profits, and when.  Specifically it is the government, who don't grow, mix, bake, transport or sell us any food at all, who get 9.5% of what we spend on food...for some reason.

The UK and Malta charge 0% VAT on basic foods, Italy has 4% or 5% on staple foodstuffs, 10% on the rest, while Portugal has 6% on staples and 13% on some other foods, Poland 5%, 8% and 23%, Spain 4% and 10%, and Germany 7% and 19%. 

Luxembourg, with the highest minimum wage in the EU, has 3% on everything edible, the Netherlands (second highest minimum wage) has 6%, as does Belgium (in shops, but 12% for catering, and also a 21% rate).  The Cypriot government gets 5% or 19% from the gobbling habits of its citizenry while the full bureaucrazies are France with 2.1%, 5.5%, 10% and 20%, and Ireland with 0%, 4.8%, 9%, 13,5%, and 23% rates for various types of eating.  

Among the flat rate food taxing governments Denmark, Finland, and Romania manage to get by with 25%, 14% and 9% respectively.  Slovenia's northern neighbour Austria has 10% on all food.

Source: https://is.gd/dvfJEl

Minimum wages around Europe: http://is.gd/rE4Utp

So much for EU harmonisation.  Here in Slovenia the arrangement is more a legacy of their political philosophy.  You can kind of tell Žito is a communist company from their motto: "Determined and with no dissentions" http://www.zito.si/index.php?id=373 

[ Yeah, don't diss their doughnuts or it's off to the gulag.  Hope I win some marketing innovation prize for pointing that one out.  It's gone, anyway - the red manifesto replaced by a shiny new mission statement, the equally hilarious Jamieoliveresque “To eat good, safe and modern”  - http://www.zito.si/en/about-the-group/quality-policy/ ------------- Go on my son! Let them speak cake - hahahaha! ]

Where Slovenia seems to be lagging behind is in devising a huge and ridiculous bureaucracy to set various levels of VAT on food depending on which biscuits tax officials personally like.  

Sadly Slovenian biscuits are all rubbish, and seldom elicit a contribution from yours truly.  

A much better system, which could potentially employ hundreds of tax officials on such important tasks as counting the chocolate chips in cookies, could base the VAT rates for different foods on which political party the producers support - if you think I'm joking see http://is.gd/SLPWx4


(Rates as at 20/11/17)

a history of vat
http://www.marcusward.co/wp-content/uploads/2014/03/A-Brief-History-Of-VAT.pdf

tax alternatives from nposialpu
http://www.nyjets.si
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