France to raise taxes on the rich
Government
The move is part of the country’s plan to slash mounting debt French Prime Minister Francois Bayrou has announced plans for a new tax on the country’s wealthiest citizens as part of a sweeping austerity package designed to rein in public debt and cut the budget deficit. The measures include a “solidarity contribution” aimed at high earners to help bridge a €43.8 billion ($47.5 billion) budget shortfall. A levy already in place targeting individuals making over €250,000 ($270,000) will now
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