SamuelJohnson on Nostr: npub1g0tuf…3tvm4 Most of the EU budget comes from a flat 0.3% levy on VAT, which is ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) Most of the EU budget comes from a flat 0.3% levy on VAT, which is why larger economies contribute more (UK was 8th on a per capita basis).
This is the cost of replacing dozens of sets of regulations with one for the whole single market, and it's peanuts in the larger scheme of things, as the UK now discovers--with the costs of implementing customs *alone* exceeding total contributions to date and needing to be funded from a smaller economy.
Published at
2024-11-08 12:50:28Event JSON
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