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This paper estimates the impact of the recent 10% VAT increase on Greek tourism industry, the effect on firm profitability and probability of firm survival by testing the consequences of an equivalent VAT change in Portugal. The analysis is divided into 3 periods: before and after the VAT hike,...
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This paper estimates consequences of the VAT increase on the tourism industry, by analysing the impact of the significant VAT rise in Portugal on the profitability and survival of firms related to food and beverage service activities. The analysis is divided into 3 periods: before and after the...
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