Canal+ Threatens Film Spending Over Planned VAT Hike

• The government is considering abolishing the reduced VAT rate on pay-TV, which would double VAT from 10% to 20% for Canal+.
• Canal+ says the change would cost it about €200 million a year and likely force higher subscription prices, internal savings, and job cuts.
• The VAT increase is being pursued as part of the 2027 budget to help reduce the public deficit from 5.4% to 5% of GDP.
• Canal+ warns it may cut back film-financing commitments if the VAT rate is raised, potentially reducing support for French and European cinema.

Source: euronews.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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