French Horse Racing Halted as Industry Protests New Betting Tax
In an unprecedented move, France's equestrian sector will strike against proposed tax hikes that threaten jobs and revenue.
- All horse races in France are canceled on Thursday due to a nationwide strike by the equestrian industry.
- The protest targets the French government's plan to increase taxes on horse betting, part of a broader effort to address a 60 billion euro budget shortfall.
- The proposed tax could cost the horse racing sector approximately 35 million euros in lost revenue, according to France Galop.
- Industry representatives argue the tax endangers the livelihoods of around 40,000 workers and the future of 233 racetracks across the country.
- Demonstrators from all over France will gather in Paris, with the protest featuring horses but not riders for safety reasons.