Beer brewers in EU refuse to swallow 160-percent rise for French suds tax
November 1, 2012, 1:09 am TWN
BRUSSELS--France, the land of wine, is planning heavy taxes on beer, and that is not going down well with brewers — even in other nations.
President Francois Hollande is pushing through legislation to increase taxes on beer by 160 percent to help fund struggling social programs as France tries to contain a budget deficit hit hard by the economic crisis.
The tax would affect local brews and the 30 percent of imported beer the French drink.