Wealthy hit hardest as France
raises taxes
Hugh Carnegy in Paris
 |
| AFP |
France’s socialist government
announced a big one-off increase in wealth taxes on Wednesday, by far the
biggest single element in a €7.2bn package of new levies aimed at meeting this
year’s budget deficit target that also included surcharges on banks and energy
companies.
The supplementary 2012 budget,
required to ensure the government hits its deficit target of 4.5 per cent of
gross domestic product this year, was weighted overwhelmingly towards taxes on
the rich and big companies as ministers said planned spending cuts would mainly
take effect from next year.
(…)
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