Reduced VAT in Sweden lowers prices
Cross-border trade with Sweden is growing to new heights, worrying the food industry, grocery chains, and politicians alike. Yet the Norwegian government is hesitant to take measures to reduce the leaks.
FOOD is a joint five-year research collaboration between NHH and NorgesGruppen to generate research and new knowledge on the grocery markets, particularly on empirical issues related to market structure, competition and productivity.
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VAT reduction can (maybe) reduce prices
Sweden’s recent temporary reduction of the food VAT – from 12 to 6 percent –has coincided with a pronounced short term fall in food prices and a measurable easing of inflation.