World News

32352 readers

412 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

AgreeableLandscape@lemmy.ml

jackmarxist@lemmy.ml

zephyreks@lemmy.ml

OurToothbrush@lemmy.ml

Germany U-turns on commitment to meet NATO spending target annually (www.politico.eu)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

15 comments fedilink hide all child comments

cross-posted from: https://lemmy.zip/post/1554654

Archived version: https://archive.ph/VQN5X
Archived version: https://web.archive.org/web/20230817101801/https://www.politico.eu/article/germany-defense-change-of-plan-nato-spending/

you are viewing a single comment's thread
view the rest of the comments

[–] TheYang@lemmy.world 6 points 1 year ago (1 children)

because if the government spends 100€ on whatever, it gets 19€ back.
So it only actually spent 81€.

[–] ProcurementCat@feddit.de 1 points 1 year ago* (last edited 1 year ago)

Careful: VAT is calculated additionally to the price of the goods bought. So when the government buys goods for 84€, an additional +19% VAT is slapped on top of it, which comes out to 16€, for a final payment of 100€. So only when the government ultimately pays 119€ on something, it gets 19€ back.