 Share
|
« Previous Business | Next Business » |
Email
Print
|
France's Revelation: Lower Taxes Help Business
By
I stumbled upon an amusing Reuters video about France's decision to cut sales tax for restaurants. It shows restaurant workers expressing delight that -- surprise! -- lower taxes have helped their business. Here's the short clip:
The clip explains:
That's a drastic cut, and it shows. Customers are coming more often and ordering more food. Restaurants are planning on hiring more people.
Perhaps France is getting a glimpse of what lower taxes can do. This is basic economics, but it's nice to see theory in action. I hope this lesson -- that lower taxes for business create jobs, increase revenue and provide consumers with greater purchasing power -- is noted there and abroad.
The clip explains:
Value added tax (sales tax) will fall to 5.5% from 19.6%.
That's a drastic cut, and it shows. Customers are coming more often and ordering more food. Restaurants are planning on hiring more people.
Perhaps France is getting a glimpse of what lower taxes can do. This is basic economics, but it's nice to see theory in action. I hope this lesson -- that lower taxes for business create jobs, increase revenue and provide consumers with greater purchasing power -- is noted there and abroad.
Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus