Against the wishes of the French government, the senate have adopted an amendment to the 2010 finance bill, proposing to introduce a new tax on cosmetic products in France.
The amendment aims to levy an annual turnover tax of 0.25% on manufacturers and importers of cosmetics.
The aim of the new tax is to generate much-needed additional revenue for the French agency responsible for the safety of healthcare products in France (l’Agence française de sécurité sanitaire et des produits de santé – Afssaps).
Given that the government remains opposed to the measure, the fate of the new tax now lies in the hands of a joint commission, composed of seven deputies from the National Assembly and seven senators.
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