Swedes refuse VAT cuts on books

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Sweden: Michael de Laine </p><p>

Sweden's parliament has ended months of speculation by refusing to cut VAT on books to 6% from 25%. </p><p>

Despite widespread support from the book trade and politicians, the proposals failed because they implied "a considerable loss of income to the state" and that such losses would have to be financed through cuts in the cultural budget.</p><p>

The decision was made despite a survey by the Swedish Publishers Association which found that 80% of the Swedish public wanted VAT on books cut back. </p><p>

The survey also found that 70% of Sweden believed th...

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