VOICED : Frances novel solution to stagnating econ

The video discusses the increase in value-added tax (VAT) in France, affecting restaurants, hotels, and the service industry. The VAT rise comes at a challenging time, with a drop in customers and economic struggles. Historical tax changes are highlighted, and the impact on tourism and transportation is noted. While the film industry benefits from a tax reduction, the overall economic outlook remains bleak.

What is the main concern of the service industry regarding the VAT increase?

• It will reduce the need for price adjustments.

• It will improve the economic situation.

• It will result in a drop in customer numbers.

• It will lead to a decrease in unemployment.

How might smaller establishments be affected by the VAT increase?

• They will have to lower their rates.

• They may struggle to remain competitive.

• They will benefit from increased tourism.

• They will easily absorb the cost.

What is the expected impact on hotel room prices due to the VAT increase?

• Prices will increase by €10.

• Prices will increase by €4 to €5.

• Prices will decrease by €2.

• Prices will remain the same.

How will tourists traveling through France be affected by the VAT changes?

• They will pay less for transportation.

• They will pay more for transportation.

• They will receive discounts on hotel stays.

• They will have free access to museums.

Which industry is expected to benefit from the VAT changes in 2014?

• The transportation industry

• The film industry

• The hotel industry

• The restaurant industry