France demands VAT cut to help with fuel prices

France is calling for a Europe-wide cut in VAT to reduce fuel prices. President Nicolas Sarkozy said today the move would help offset high prices at the pump.

France demands VAT cut to help with fuel prices
Tue, 27 May, 2008 - 11:04

France is calling for a Europe-wide cut in VAT to reduce fuel prices. President Nicolas Sarkozy said today the move would help offset high prices at the pump.

“If the barrel continues to rise must we maintain a VAT rate that is proportional to the price in the same conditions?” he asked.

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