French lawmaker reportedly proposing to increase value-added tax on soft drinks to 19.6% from 5.5% to help finance assistance to agriculture

Cindy Allen

Cindy Allen

LOS ANGELES , July 6, 2011 () – A French lawmaker is proposing to raise the value-added tax on soft drinks to 19.6% from its current 5%, Le Figaro reported, Bloomberg reported July 6.

Lawmaker  Bernard Reynes wants to use the money to offset losses of social security receipts resulting from Reynes’s plan to reduce the cost of farm labor, according to the newspaper.

The primary source of this article is Bloomberg, New York, New York, on July 6, 2011.

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