Wednesday, April 29, 2009
Less taxes, more cafe?
Good news, prices in restaurants and cafés should drop a little from the 1st July onwards. Why? Because the VAT (Value Added Tax, a sort of sale tax) will drop from 19,6 % to 5,5% after this date. This long time demand was granted yesterday (May 28th) by President Sarkozy to the restaurants and cafés trade unions. This will cost 2.5 billion euros to our government! As a counterpart, the unions committed to hiring at least 40 000 people. As for the prices, even though they may drop the first 2 months, I'm pretty sure they will go back to "normal" afterwards. (BTW, don't forget the PDP picnic on May 13th. FYI, I've added last years videos in the the Facebook event page)