If Arnhem was the “bridge too far” for General Montgomery, Nutella may be a tax too far for President François Hollande. I have been admittedly critical of the massive tax increase by the Hollande government on the top earners in France. I just do not believe it makes economic sense. However, the latest tax is not simply designed to acquire more revenue but to fight the fat in France — part of a trend inside and outside the United States. The French Senate tripled the tax on palm and some other vegetable oils — a move that will significantly raise the cost of such French favorites like Nutella.
Continue reading “Let Them Eat Cake . . . And Pay Taxes: France Government Proposes “Nutella” Tax”














