Sweden’s halving of food VAT has had its “full effect” on prices
Translated from Danish and summarized by DistantNews. Read the original for the full story.
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- Sweden cut its food VAT rate from 12% to 6% in April.
- A report from the Swedish National Institute of Economic Research and the Swedish Consumer Agency found that the reduction influenced food prices.
- The findings could inform debate in Denmark over a proposed reduction in food VAT.
Sweden cut its food value-added tax from 12% to 6% in April, and the reduction is now showing up in food prices, according to a report from the Swedish National Institute of Economic Research and the country’s Consumer Agency.
The findings were reported by Swedish broadcaster SVT. They suggest that Sweden has achieved the result the Danish government hopes to produce with its own proposal to lower food VAT.
The Swedish experience is therefore entering Denmark’s debate over the cost and potential effect of reducing the tax on groceries. Danish political discussions have focused on whether a lower rate would make a meaningful difference in consumers’ shopping baskets.
About this summary
Originally published by Berlingske in Danish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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