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