2010-10-01 — rferl.org
Gold is big on the Iranian streets: The gold bazaar in Tehran went on strike shortly after the government announced on September 26 that it was adding a 3 percent VAT (value-added tax) on gold products. The strike has since stretched to other cities such as Mashhad, Shiraz, Ghazvin, Qom, and Sabzevar... "They know this 3 percent tax could rise in the future." He added that the tax could "easily increase to 17.5 percent like in the United Kingdom or 25 percent, like it is in Sweden."
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