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Tax hike on books a threat to shops

By Myriam Chaplain-Riou in Paris | China Daily | Updated: 2012-04-07 07:44

France's small bookstores have survived the rise of big chains, Amazon and digital books, but many fear that a sales tax rise, part of the debt-saddled government's austerity plans, could push them out of business.

Until now, the thousands of independent booksellers that dot France's town centers offered the best of both worlds - a quaint setting, one-on-one tips and advice, and guaranteed prices as low as at a chain store.

Since 1981, the French state has set the price of books, largely to support independent bookstores, which are seen as vital assets to local communities.

Tax hike on books a threat to shops

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