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Latest Business News

France Considering 'Special Tax' on Oil

Thursday, September 08, 2005 5:00:35 PM

PARIS (AP) - French Finance Minister Thierry Breton said Thursday he was considering asking oil companies to lower their prices at the pump and imposing a "special tax" on them to ease the burden of surging prices on consumers.

Breton told France-2 television that he wanted to find ways to return to consumers the extra costs they have shelled out through rising prices in gasoline.

He said the government planned to gather oil industry leaders and ask them to come up with concrete proposals on how to ease the problem.


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