http://obouba.over-blog.com/article-10850237.html
Short story: government mandated Eric Besson (ex PS now UMP) to study a possible raise of VAT (up to +5%) with a corresponding decrease of social cotisations on income. It was presented as a way to fight delocalisations but depending on the details it will likely be a way to lower tax progressivity.
One more thing: what is "délocalisation"/delocalisation? Outsourcing? *Lunatic*, n. One whose delusions are out of fashion.
Acronyms don't often transfer well. Once when I was wearing a t-shirt with the Washington DC baseball team's "DC" logo on it, a Chilean friend wanted to know why I was endorsing the Christian Democrats....
http://fr.wikipedia.org/wiki/TVA
Then click or move or your mouse on the "english" on the left column.
That's what I do (in reverse) for english acronyms I don't understand :)
