- France is considering doubling VAT on TV subscriptions from 10% to 20% under a draft budget proposal, and the outcome remains uncertain.
- Canal+ says it is actively opposing the hike with support from cinema groups, federations and leagues.
- If enacted, Canal+ plans to raise subscription prices and cut costs significantly to offset the impact.
- The company warned it could not absorb the loss in France and may have to adjust operations in mainland France and the overseas territories.
Source: uk.finance.yahoo.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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