• French Fashion Industry Protests Planned Budget Cuts

    27 days ago - By WWD

    PARIS - “I'm not going to mince words: This tax is pure robbery,” said Sophie Primas, president of the French Senate's economic affairs committee, concluding a three-hour-long discussion about the future of the fashion industry and related crafts in the upper house of the French Parliament this week.
    Primas plans to submit an amendment to a planned measure in the 2019 French budget that would slap a 7 percent tax on voluntary company contributions to a fund supporting the fashion and luxury goods sectors.
    More than a dozen industry players have criticized the plan, which is being debated...
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