Bloomberg Tax
July 9, 2020, 6:00 AM

European Tax Cuts Aim to Help Restaurants Survive Reopenings

Barbara   Tasch
Barbara Tasch
Freelance Correspondent

Governments across Europe are cutting taxes for the hospitality sector in a last-ditch attempt to prevent millions of job losses should businesses collapse.

Restaurateurs fear, nevertheless, that even with the help of sector-specific cuts to value-added tax—a sales tax paid by consumers in all EU and most European countries—they may not be able to survive.

Jacques Lovell, public affairs manager at Hotrec, a pan-European hospitality-focused industry group, said six million jobs are at risk in the European tourism sector. He warned that even as countries lift lockdowns, customers won’t rush back, and consequently many businesses will initially ...

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