Arab Today, arab today sarkozy to announce tax rises sunday
Last Updated : GMT 17:14:50
Arab Today, arab today
Arab Today, arab today

Sarkozy to announce tax rises Sunday

Arab Today, arab today

Arab Today, arab today Sarkozy to announce tax rises Sunday

Paris - AFP

French President Nicolas Sarkozy will announce tax rises Sunday, including a hike of 1.6 percentage points in value-added sales tax on goods and services, government sources said. The aim is to shift the burden of paying for social security from employers to consumers in a reform, condemned by opposition socialists, that Sarkozy\'s centre-right government wants to push through before elections in April that he is tipped to lose. The sources did not specify whether only the top rate of VAT, currently at 19.6 percent, would be affected. Other rates, including those on products considered essential, stand at 7.0 percent and 5.5 percent. Other taxes affected cover revenue from investments and property. Under the reform, the increase in value-added tax will be matched by a decrease in employers\' payroll contributions, thus helping them compete with producers in lower income economies. Sarkozy, who is to announce the tax rise in a television appearance Sunday, had already signalled in his end-of-year address to the nation that the measure, long discussed in France but often pushed back, would go ahead. He said social charges \"should not weigh principally on labour, which is so easy to outsource. We should reduce pressure on jobs and seek a contribution from imports, which compete with our products through low labour costs.\" But some economists have warned against the reform, which they say would hit domestic consumer demand, the main motor of the flat-lining French economy. And Sarkozy\'s main challenger in the upcoming election, Socialist candidate Francois Hollande, has said he would not enact the measure, even though some of his supporters have championed it in the past. Members of Sarkozy\'s own UMP party also fear it will lose him votes in the April poll. A previous attempt to introduce the measure at the beginning of his five-year term is blamed for the loss of dozens of UMP seats in 2007 parliamentary elections.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sarkozy to announce tax rises sunday Arab Today, arab today sarkozy to announce tax rises sunday

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sarkozy to announce tax rises sunday Arab Today, arab today sarkozy to announce tax rises sunday

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday