Published on Aug 31, 2012 by Euronews
http://www.euronews.com/ The Spanish government's increase in sales tax from September 1st could not have come at a worse time for the country' retailers who suffered a 7.3 percent decline in sales in July from a year earlier.
Frightened of losing even more trade in the middle of a recession many Spanish shops, supermarkets, restaurants and leisure companies have said they will not pass on the VAT increases in their prices.
...Frightened of losing even more trade in the middle of a recession many Spanish shops, supermarkets, restaurants and leisure companies have said they will not pass on the VAT increases in their prices.
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