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France still working on beer tax hike proposal, revises down to 120%

[…] let’s remember we are talking about a government proposal for a 160% tax rise on beer – these brewers will have to pass some of the costs onto the consumer. The proposals are due to take effect from January 2013 but last week [15 November] the French Senate took a fresh look at this proposal and, realising that it would kill off thousands of jobs across France and probably even generate less government revenues in the long term, proposed rather a 120% increase, still a massive hike of course.

More >> EurActiv.

 

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