October 25, 2010 - The French member of parliament (MP), Yves Bur, is calling for the introduction of a five percent tax on tobacco companies' annual revenue and a 25
percent levy on the growth of the revenue generated by cigarette sales,
The representative of the governing UMP (Union for a People's Movement) party said the earnings of "sellers of death" had to be reduced as their profits were "to the detriment of French people's life".
The financial committee at the National Assembly approved the plan for imposing new taxes on tobacco companies but the proposal is subject to the approval of members of parliament.
Reference: The "tobacco" soon overtaxed?, Source : La Tribune.fr - 20/10/2010.
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