Is France heading for VAT increase?
Oct 25th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
As the Eurozone crisis hits another crescendo this week, all factors point towards France having to turn to taxing its consumers through a VAT rate hike - - currently 19.6%. Fear of the bond markets and credit rating agencies are the latest impetus. The prospect of an internal currency devaluation and a chance to improve global competitiveness also add to the attractions. But, most of all, France has history on this subject.