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General

France makes EUR 1.3 bln budget provision for telecom tax

Monday 1 October 2012 | 10:09 CET | News
The French government has made a EUR 1.3 billion provision in its 2013 budget bill, while it awaits a European court decision on the legality of a tax it levied on telecom operators to compensate for fewer ads on public TV. The tax rate is 0.9 percent of telecom operators with over EUR 5 million in annual sales. It raised EUR 270 million last year. The EC took issue with a similar tax in 2011. A decision is expected next year, reports Les Echos.

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Categories: General
Companies: European Commission
Countries: France
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