Global Inflation: Sarkozy Seeks Cap on Fuel Sales Tax
May 27th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsInflation is global and it has prompted French president Nicolas Sarkozy to seek a cap on sales taxes on fuel products if oil prices continue to rise. This from Thomson Reuters:
French President Nicolas Sarkozy said on Tuesday the European Union should consider capping sales taxes on fuel products if oil prices rose further but his proposal got short shrift from Brussels.