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Decrease VAT ought to assist to curb inflation | Krytyka Polityczna – Poland

The Polish authorities has briefly lowered VAT on meals. For as soon as, the left-wing outlet Krytyka Polityczna praises the federal government:

“Underneath regular circumstances, it could be reckless to decrease VAT when inflation is excessive, as this usually boosts demand and may thus finally result in even larger inflation. Nevertheless, the present inflation is principally on account of issues on the availability finish, which ought to lastly disappear this yr. … On this scenario, it is very important dampen inflation expectations, that are exceptionally excessive in Poland. … The discount of oblique taxes and thus of costs will do much more to stem inflation than it is going to to spice up demand.”

This text was initially revealed by eurotopics.internet. Learn the unique article right here.

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