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Germany U-turns on commitment to meet NATO spending target annually (www.politico.eu)

submitted 10 months ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.zip/post/1554654

Archived version: https://archive.ph/VQN5X
Archived version: https://web.archive.org/web/20230817101801/https://www.politico.eu/article/germany-defense-change-of-plan-nato-spending/

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[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

Careful: VAT is calculated additionally to the price of the goods bought. So when the government buys goods for 84€, an additional +19% VAT is slapped on top of it, which comes out to 16€, for a final payment of 100€. So only when the government ultimately pays 119€ on something, it gets 19€ back.