#value-added-tax
#value-added-tax

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China to hike tax on condoms in attempt to boost falling birth rate

China will impose a 13% VAT on condoms and contraceptives from Jan 1, ending a 30-year exemption amid measures to boost its low birthrate.

Trump tariffs function as a national sales tax paid by Americans, eroding about half of 2017 tax-cut savings and raising federal revenue.

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