French socialists propose 1% VAT increase idea

30 September 2011

Update 23 March 2012 - plans have been announced in January to raise the French VAT rate to 21.2% in October 2012. 

One of the leading 2012 Presidential candidates has put forward a proposal for an increase in French VAT by 1%.

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The current French VAT rate is 19.6%, which is below the European Union average of just under 21%. Manuel Valls believes such a rise could be directed towards helping the less advantaged in society.

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