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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Friday, May 30, 2008
Sarkozy says EU should cap sales tax on fuel
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