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24.10.2022
Cost of living relief: Scrap VAT on basic foods, redistribute windfall profits tax on energy
With fast-rising prices on food and energy, the EPP Group backs suspending the VAT on basic foods like fruit, vegetables and dairy, and taxing energy companies making excessive profits amid inflation.
The war in Ukraine and Russian leader Vladimir Putin's weaponising energy to pressure the EU have driven up energy prices, creating knockoff effects in other sectors like food.
A European answer is needed to address that, with EU member countries acting together to buy and distribute energy across the EU.
former EPP Group MEP
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