fbpx
Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Cavaco Silva - reducing VAT on golf would be unfair

golfCutting taxes for some economic sectors and not for others would be unfair, according to Portugal’s President, when asked about reducing VAT on golf at an event in Albufeira.

Wishing to avoid “higher tax injustices” the President thought he had got away with this controversial topic as the golf industry commissioned a report when VAT was raised to 23% which showed that the net cash affect on the exchequer was less revenue from golf, not more.

The President’s reply was that lowering the VAT rate for golf would result in “fiscal inefficiencies and would be creating injustices."

Cavaco Silva did say that "high taxation is a national evil, not an evil just for a specific sector. It would be wrong if we looked at it in isolation ... because if we reduced VAT without a global view of the entire system, this would lead to an increase in injustices."

The President of the Republic of Portugal was in Albufeira and made a speech at the closing of the Portugal Golf Cup Outreach event. Cavaco Silva added that "tourism is one of the strongest components of the economic recovery of our country and golf has to contribute."

For the president, national tourism is going through “a good time with significant increases in demand from abroad."

Pin It

Comments  

+3 #3 Edward Montague 2014-09-22 09:57
Strange no-one has connected Algarvian desertification to the 'mafiosi owned' golf courses drying up the aquifers.

How many foreigners (and Portuguese) have to keep digging ever deeper bore holes to reach the water they need for their crops and animals?

How many Brits have mistakenly bought a rural idyll here in Portugal - wanting to contribute to 'tourism is one of the strongest components of the economic recovery of our country' ....

having been assured the bore hole or well was 'fine'. Then found it dry for most if not all the year?
+3 #2 Ana P 2014-09-21 19:44
If you have sufficient money to play golf, tax shouldn't be an issue. Tax on basic needs is a big issue in our country.
+3 #1 TT 2014-09-21 18:49
Quote:
Wishing to avoid “higher tax injustices”
But allowing French pensioners to live here tax-free isn't seen as unjust?

You must be a registered user to make comments.
Please register here to post your comments.