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Wed 12 Dec 2008Taoiseach rules out reduction in VAT
TAOISEACH BRIAN Cowen ruled out a reduction in VAT rates. He said that as part of a fiscal stimulus package, the UK government had decided to reduce its standard VAT rate from 17.5 per cent to 15 per cent on a temporary basis.
"The exchange rate is the determining factor rather than the VAT rate," he added.
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