• Most outlandish rationale for a Tax Increase

    January 30th, 2012 by admin Categories: Blogs Tags: , , ,

    Because before it’s enacted it will stimulate sales to avoid the tax! One could think this came from certain elected officials in California, or The White House; but no, it’s France:

    French President Nicolas Sarkozy has announced a hike of 1.6 percentage points in value-added sales tax — to 21.2 per cent — as part of new measures to boost France’s ailing economy.

    ‘This measure will not come into effect until October 1. We hope it will lead to increased sales (before that date) and boost growth,’ Sarkozy said in a television interview.

    Whole store here.

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