Czech bookshops campaign for lower VAT rates

More than 300 Czech bookshops were on Wednesday offering 15 percent reductions on their prices as part of a campaign to cut Value Added Tax on books. The Association of Czech Book Sellers and Publishers has welcomed the government’s proposal to cut the current 15 percent VAT rate on books to 10 percent but says that it still believes that the right rate should be 5 percent. The association says a 10 percent rate would still leave the Czech sales tax on books higher than in most other European countries.