French Prime Minster Jean-Pierre Raffarin last weekend expressed disappointment over Germany's continued efforts to thwart a cut in VAT for French restaurants.
Speaking in an interview with the Journal du Dimanche newspaper, M. Raffarin revealed that he was “deeply disappointed” by Germany’s position on the issue.
Failure to resolve the deadlock could mean French President Jaques Chirac breaking his electoral pledge for an EU-wide cut in VAT on sit-down restaurant meals from 19.6% to 5.5%, which will level the playing field between traditional eateries and fast-food outlets.
However, the German government, already feeling the strain from the nation’s stagnant economy, is not keen to forgo any additional tax revenues from a potential cut in its restaurant taxes.
Rafarrin described the two meetings scheduled for February as the “last chance” to resolve the issue.
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