Sarkozy pledges to cut tax on DVDs, CDs
France takes over six-month presidency of the EUBRUSSELS -- French President Nicolas Sarkozy took over the six-month presidency of the EU on Tuesday, pledging to cut value-added tax -- or sales tax -- on DVDs, videos and CDs.
Sarkozy, whose pop singer wife, Carla Bruni, will release her third album this month, said he would revive a long-dormant effort to slash VAT levels, which range from 15%-25% across the EU. He said there was no reason it should be so high when other cultural goods, such as books, had rates of 5.5%.
However, EU officials have warned that the push is unlikely to generate enough support from France's fellow EU members.