Friday, May 30, 2008

Sarkozy says EU should cap sales tax on fuel

Nicolas Sarkozy, France’s president, responded to growing public anger over surging oil prices by proposing to use windfall tax receipts generated by higher energy prices to subsidise the worst-hit people. As in other countries, high oil prices are a hot political issue in France as household budgets and businesses have been squeezed.

["windfall tax receipts" - priceless]

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