France: ‘Government under tax pressure’

France under tax pressure

On October 27, the government also announced that it had set aside plans for a surcharge on certain savings products that are very popular in France. On October 24, the country’s football clubs announced that they would go on strike if a 75 pe cent tax on revenues in excess of €1m was not withdrawn.

In its editorial, the daily remarks —

… today in France, the level of taxation appears to be such that in the wake of every announcement of a new levy, the government is forced to give up a plan that has been put together with little consultation. […] It is a situation marked by galvanisation over the tax issue, of the lack of authority of the head of the state.

Read the original article at La Croix here.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

Be the first to comment on "France: ‘Government under tax pressure’"

Leave a comment