VAT is a regressive tax, putting more burden to the poor than to the rich. Indeed, VAT applies the same rate to everyone regardless of their level of wealth – but the richer you are, the lower the proportion of your revenue goes to consumption. VAT cancels out one-third of the effects of fiscal redistribution.
The European Union has just established a screening framework for foreign investments, primarily in response to the Chinese investment offensive.
The lack of a sufficient number of electric-powered buses in Paris area let local transportation company to put back in service several old diesel-propelled buses next year. A vehicle management issue that shows how much European cities lay behind in renewing their buses' fleet.