French President Nicolas Sarkozy has said he will finance a reduction in payroll taxes in part with an increase in VAT. Sarkozy announced that the top VAT rate will increase to 21.2% from 19.6% on October 1st.
Mr Sarkozy said there is no risk of inflation from a VAT increase as there is so much competition.
France To Raise VAT.
Mon 30th January 2012
No Comments
Leave a comment
Commenting is not available in this channel entry.Comments