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Tax cuts not the answer. National enquiry reveals key to increasing consumer spending. In an enquiry carried out on behalf of the Norwegian tax-payer’s union by the research company Synovate, 28 percent of Norwegians believe that a cut in duty is the most important incentive that will get them to increase their spending. “People are giving us quite strong signals that it is primarily a cut in duty that will encourage them to spend more, rather than tax cuts. A reduction in tax will often end up as either savings, or as a way of reducing debt”, John H. Stordrange, the union’s managing director told E24.no.

tax, cuts, duty, spending, consumer, recovery, poll, norwegian



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Tax cuts not the answer

Published on Tuesday, 14th April, 2009 at 23:12 under the news category, by Michael Sandelson   .
Last Updated on 14th April 2009 at 23:44.

National enquiry reveals key to increasing consumer spending.

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Photo: Argus/Shutterstock images


In an enquiry carried out on behalf of the Norwegian tax-payer’s union by the research company Synovate, 28 percent of Norwegians believe that a cut in duty is the most important incentive that will get them to increase their spending.

“People are giving us quite strong signals that it is primarily a cut in duty that will encourage them to spend more, rather than tax cuts. A reduction in tax will often end up as either savings, or as a way of reducing debt”, John H. Stordrange, the union’s managing director told E24.no.

The poll also revealed that 27 percent would rather have lower interest-rates, whilst only 18 percent opted for lower income tax.



Published on Tuesday, 14th April, 2009 at 23:12 under the news category, by Michael Sandelson   .
Last updated on 14th April 2009 at 23:44.

This post has the following tags: tax, cuts, duty, spending, consumer, recovery, poll, norwegian.





  
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