French Effort to Raise Taxes Fails
6th January 1950, Page 33
6th January 1950
Page 33
Page 33, 6th January 1950
— French Effort to Raise Taxes Fails
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
I N a prolonged debate on the Budget,
the French Assembly has forced the Government to abandon certain proposed taxes on road transport. One proposal in the new Budget affecting the stamp duty on transport contracts has been voted, but others have not found favour.
As an alternative to a tax on share transfers the Government proposed to tax heavy transport vehicles. This, however, was defeated. So was an attempt to raise revenue by imposing a tax of 15 per cent. on tyres, which was expected to produce up to 7,000,000,000 francs.
An increased tax on oil fuel, expected to bring in 2,000,000,000 francs, was also defeated. It is believed, however, that a proposed tax on permits to operate vehicles was passed by the Assembly,