Word: vat
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...What kind of input did you have? I had a lot of input into the cattle stuff. I wanted to make sure that it was really, really accurate. I liked how they recreated my projects. They built the dip vat [a pesticide bath for delousing cattle] off my original drawings from the 1970s. It was a working dip vat! The geek side of me really liked that...
...SUNDAY Catch Kyrgyzstan's national sport, ulak tartysh, at the hippodrome on the west side of town. Teams of riders vie to grab the corpse of a headless goat from the ground at full gallop and heave it into a vat. The big contests are held during the Nooruz Festival (March 21) and Kyrgyz Independence Day (Aug. 31), but smaller events take place at other times...
What about the U.S. tax system? How does it compare to Europe's? The U.S. tax rate is at the low end of the European scale. The big difference is we have no national VAT, or value-added tax. We rely on income and property tax for revenue, and our corporate tax is higher than that of most European nations. And yet our system is very progressive. Rich Americans pay a larger share of their income in taxes than the richest Europeans do. We have a low absolute level of taxation, but it's progressive by European standards...
Europeans have VAT and it's very, very high - in Nordic countries, it's somewhere between 20% and 25%. The average European pays a much higher percentage in overall budget every time they buy something, but European governments give it back in the form of social benefits. American social benefits tend to be limited to the poor, so there's a much clearer [wealth] redistribution through the tax system than there is in Europe...
...revenues. Some economists say the center-right government will be penned in. "There's no room for maneuver on tax cuts," says Professor Henrik Enderlein, from Berlin's Hertie School of Governance. "On the contrary, Merkel's new center-right government is likely to raise taxes, like VAT, in order to get Germany's public finances out of the red." (See pictures of the dangers of printing money in Germany...