France plans 'boob job tax' to restore balance
AFP · 8 Jun 2012, 11:06
Published: 08 Jun 2012 11:06 GMT+02:00
France's new Socialist government has promised to tax the rich, and the tax authorities are looking at going after expensive cosmetic surgery such as tummy tucks, liposuction and breast enhancements that so far have escaped the country's 19.6 percent VAT tax.
French tax authorities have issued a finding that operations for aesthetic rather health purposes should be taxed and the finance ministry is currently studying which procedures to target.
France's financial inspector general has calculated that the government needs to find €3.9 billion ($4.9 billion) each year if the country is to keep its promise to bring its budget back into balance by 2017.