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Economy

How VAT hinders effective redistribution of wealth

By |April 29th, 2021|Tags: , , |

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.

Saving culture from the pandemic

By |April 26th, 2021|Tags: , , |

Eurostat data from 2019 show that in Europe, on average, 32 percent of workers employed in the Cultural and Creative Industry were self-employed. In some countries this percentage reaches almost 50%. The EU is pumping money into the CCI, but that won't be enough for a sector that structurally hinges on precarious working relationships.

A cultural pandemic: How Covid-19 hit Europe’s creative sector

By |April 26th, 2021|Tags: , , |

Due to COVID-19, the economic losses of the European Cultural and Creative Industry (CCI) businesses will add up to billions of Euros. The EU stepped in with a top-up of its flagship Creative Europe programme. But pumping more money into the system won’t do. In many EU countries, the crisis has highlighted structural inequalities within the sector. And workers have started to mobilise.

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