>> VAT increase from 7% to 10%. Increase value added tax from 7% to 10% will cause the Government's total revenue increased, but it affects the public sector and the country's economic growth is due to the potential value added tax from 7% to 10%, rice is expensive. Therefore, public spending reduced. As a result, people's consumption and economic growth of emerging economies slowing down might cause the country's overall revenue in the reduced rate.
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