[France] Government favours extending taxes on the wealthy

In France, Finance Minister Eric Lombard has indicated that the government is in favour of extending taxes on the wealthy, MSN reports.

Mr Lombard said a proposal by the previous French administration under Prime Minister Michel Barnier for a differential levy on high incomes was “interesting.”

Speaking to Franceinfo radio on March 4, Mr Lombard said, “We wish to make this tax permanent but make sure it’s above all a contribution that fights against what we call fiscal over-optimization. 

“People who have significant savings must contribute to tax. It’s what we’re considering.”

However, he reportedly ruled out raising taxes on companies because doing so would impact jobs.

Source: MSN

In France, Finance Minister Eric Lombard has indicated that the government is in favour of extending taxes on the wealthy, MSN reports.

Mr Lombard said a proposal by the previous French administration under Prime Minister Michel Barnier for a differential levy on high incomes was “interesting.”

Speaking to Franceinfo radio on March 4, Mr Lombard said, “We wish to make this tax permanent but make sure it’s above all a contribution that fights against what we call fiscal over-optimization. 

“People who have significant savings must contribute to tax. It’s what we’re considering.”

However, he reportedly ruled out raising taxes on companies because doing so would impact jobs.

Source: MSN