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ID: 26498
Title: German retail sales slide in January on VAT rise (AFP)
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A German shopper reads an advert claiming "the VAT rate has risen, but not our prices" while looking for clothes at a Mainz department store in January 2007. German retail sales have fallen sharply in January as a result of the steep rise in value-added or sales tax (VAT) which came into effect at the start of the month.(AFP/DDP/File/Thomas Lohnes)AFP - Retail sales in Germany fell sharply in January as a result of the steep rise in value-added or sales tax (VAT) which came into effect at the start of the month, data showed Friday.
Category: Business/
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Date Added: March 02, 2007 12:22:08 PM
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