cross-posted from: https://scribe.disroot.org/post/4740484
- Russia will run a 4.6 trillion ruble budget deficit in 2026, its fifth in a row, due to falling revenue and war spending.
- The VAT rate will rise to 22% next year, and more companies will be forced to pay it to boost revenue.
- Russia plans to borrow 2.2 trillion rubles and scrap tax breaks for small businesses to cover the widening gap.
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Well, the Hungarian VAT is 31.5 percent, and we aren’t even at war.
Wow! I thought Denmark’s 25% was high… 🫡
Hungary has a very low income tax. Hence the high VAT. Denmark has both high VAT and income tax.
