Business
Canal+ Challenges French VAT Hike Plan
French pay-TV giant Canal+ has criticized the government’s plan to double the VAT rate on TV subscriptions. The move could cost the company up to €200 million in potential revenue.
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Paris-based pay-TV giant Canal+ has hit back at the French government’s plan to double the VAT rate on TV subscriptions from 10% to 20% saying it could leave a potential €200M ($225M) hole in its finances. The planned hike was confirmed in a draft budget plan for 2027 presented by Prime Minister Séb
2026-10-02 13:29 UTC