Vat Rise – a Tool for Stabilization of Latvia’s Economy for the Subsequent Introduction of the Euro in 2014
1. Introduction In January 2011 several European countries, including Latvia, increased their value added tax for products and services. The VAT base rate rose from 21% to 22% and reduced VAT rates from 10% to 12%. Every time when Latvian ministers make some economical decisions, it leads to anger and disappointment of people. In the […]