New tax gets the go ahead on cosmetic company sales in France
The third time proved lucky for Senator Alain Milon, who has been successful after two failed attempts to pass an amendment to tax the sales of cosmetic companies in France.
Manufacturers and importers of cosmetic products which market them in France are those likely to be hit by the annual tax of 0.1 per cent, according to the new law.
The senator’s proposal was adopted by the Senate and included in the final version passed by the National Assembly on the 29th of November.
Milon, a doctor by profession, is a member of the UMP(Union pour un Mouvement Populaire) under Nicolas Sarkozy.
When approached by cosmeticsdesign.com in regards to how the tax might affect them, L’Oreal, a top player in the global cosmetics industry said they had “no comment for the moment.”
