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I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax. It gets paid when you spend. A stimulus should put money in your pocket before you have actually spent the money.
Kwasi Kwarteng
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"I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax. It gets paid when you spend. A stimulus should put money in your pocket before you have actually spent the money."
— Kwasi Kwarteng #moneywealth

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I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax…

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I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax. It gets paid when you spend. A stimulus should put money in your pocket before you have actually spent the money. — Kwasi Kwarteng

About Kwasi Kwarteng

Kwasi Kwarteng was a Politician from United Kingdom (1975–present).

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Frequently Asked Questions

Who said "I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a fo…"?
This quote is attributed to Kwasi Kwarteng, a Politician from United Kingdom.
When did Kwasi Kwarteng live?
Kwasi Kwarteng lived from 1975 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.