EUROPE
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<i> Times Staff and Wire Reports</i>
France Raises Value-Added Tax: The two-percentage-point increase brings that country’s value-added tax to 20.6%, making it one of the European Union’s highest. The move is part of the new government’s efforts to cut public debt and deficits. Only food and cultural goods--from circus tickets to books--will continue to be taxed at the lower 5.6% rate.
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