Economics
Luxembourg losing its fuel tourism appeal
Luxembourg's VAT revenues on petrol fell by 35% and diesel by 10% over the past ten years, suggesting a sharp fall in fuel tourism in the country.
(ML/JB) Luxembourg's VAT revenues on petrol fell by 35% and diesel by 10% over the past ten years, suggesting a sharp fall in fuel tourism in the country.
According to figures presented to the parliamentary committee on finance and budget, a further 2.9% decrease between 2016 and 2017 would see VAT revenues fall from 2.83 billion euros to 2.75 billion.
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