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France's $624 Million Tax on Oil Stockpiles 'Blow' to Refiners

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - June 27, 01:36PM from (www.bloomberg.com)

By Tara Patel - 2012-06-27T17:15:44Z


A planned tax on fuel inventories will cost French refiners and distributors 500 million euros ($624 million), an industry group said.
“It’s a huge blow to refiners and will directly hit at their ability to compete,” Jean-Louis Schilansky, head of Paris-based U...


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