Canal+ warns of 200 million euro losses from VAT hike
Statements (5)
- Bearish
Canal+ said a proposal to double the television subscription VAT in mainland France threatens the future of the country's creative industry
- Bearish
Canal+ threatens to cut jobs and reduce its support for cinema and sports if the VAT on its pay-TV offers increases from 10% to 20%.
- Bearish
Canal+ criticized the government's plan to increase its VAT rate in the 2027 budget, stating it would be a direct attack on its activities in France
- Bearish
Canal+ stated that the VAT increase could cause a loss of 200 million euros per year
- Bearish
Canal+ will face a doubling of its VAT from 10% to 20%, which could cost the group 200 million euros