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La Croix - France | Tuesday, March 10, 2009

Less VAT in the restaurant sector

The Catholic daily La Croix writes that an agreement is expected in Brussels on reducing value added tax to 5.5 percent in the restaurant sector: "Looked at from a strictly economic point of view, such a reduction is not incoherent. Lowering valued added tax in sectors that create jobs at a local level must be beneficial. In addition it would correct the large discrepancy with fast food restaurants, which are currently taxed at 5.5 percent. The reduction in value added tax was worked out as a means to reflate the economy, create jobs and even raise salaries. ... On this point the government must clearly state its demands and request guarantees."

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