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News briefs
Schöffel Foundation uses German VAT reduction to support tree plantations
The Schöffel Foundation , founded in 2011 by Hubert and Peter Schöffel , which promotes and initiates social and ecological projects, is supporting tree planting and forest redevelopment in state forests in the German state of Bavaria. German online shoppers can donate the 3 percentage point reduction in value-added ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the value-added tax (VAT) rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants ...