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Comment by RedShift1 | Hacker News Reader

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RedShift1·

Only 10%? Cries in 21% VAT.

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27% in Hungary

Whaaaat? Are other taxes lower or non existing?! That is crazy!

23% in Ireland.

Norway, Sweden and Denmark takes 25%. Hungary shamelessly demands 27%

Latvia is more like 33%... not even thinking about France.

VAT, not income tax.

Latvia seems to be up to 21%?

https://www.avalara.com/vatlive/en/country-guides/europe/lat...

France increased VAT from 19.6% to 20% in 2014, I think it is supposed to increase again to 22% in 2024.

The people voted for these taxes (or they voted for the people who voted for them).

Interestingly, however, increased govt revenue is not correlated with long-term increased economic output or GNP. (Of course, govt revenue will increase temporarily whenever taxes increase.) Most of the highest tax nations have mediocre national output.

10% increase, not just 10%

>The government had introduced a reduced consumption tax rate of 8% for certain products like food and newspapers, besides the standard 10%

Technically 9%... As it is 10% tax, so it is not from 1, but 0.9091

But the average wage in Japan is only $39,319

Average wage in Estonia is way less than that (and I would imagine most of EU's average wage is less than that), at 21,420.78 USD, but we have 20% VAT.

What are your costs of living?

https://www.numbeo.com/cost-of-living/in/Tallinn

And small businesses have median wages below average.

I suspect that the small companies in Japan and Europe are below average by the same factor.

In the end it depends on the cost of living and the rents.

10% increase, not 10% in total.

>The government had introduced a reduced consumption tax rate of 8% for certain products like food and newspapers, besides the standard 10%

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