In the debate on tax reforms, it has often been suggested that the burden is shifting from labor to consumption leads to more economic growth and employment. Charges on consumption are less economically disruptive to household behavior than income taxes, according to the economic literature. The question, however, is why that should be the case: if a VAT increase is passed on in prices, the real income will not change when the burden is shifted from labor to VAT. You can visit www.taxfyle.com/tax-bracket-calculator there. The Right Shift A shift from the burden on labor to consumption is therefore mainly…
Author: Paul Petersen
Ferrari’s share price climbed 0.6% this Thursday 9 of July to 155.40 euros, so that the luxury car manufacturer can count on the support of several brokers, including RBC. Without regaining its highs close to 170 euros before the crisis, their business has recovered well for a few weeks on the Milan stock exchange after falling into the 115 euros zone at the peak of the crisis last March. The company has crossed the barrier of 10,000 vehicles marketed for the first time last year, while its business results have greatly improved over the last financial year. Over the 12…