PARIS, France - France's wealthy could take it on the nose if the French tax man gets his way and cosmetic surgery becomes subject to the value added tax.
France's new Socialist government has promised to tax the rich, and the tax authorities are looking at going after expensive cosmetic surgery such as tummy tucks, liposuction and breast enhancements that so far have escaped the country's 19.6% VAT tax.
French tax authorities have issued a finding that operations for esthetic rather health purposes should be taxed and the finance ministry is currently studying which procedures to target.
France's financial inspector general has calculated that the government needs to find 3.9 billion euros ($4.9 billion) each year if the country is to keep its promise to bring its budget back into balance by 2017.
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