Europe
France votes to raise taxes on the rich
New measures, such as increases in wealth and inheritance taxes, have angered wealthy citizens.
Last Modified: 20 Jul 2012 21:47

France's parliament has voted to increase taxes on the rich, a move that has angered many wealthy in the country.

The rich now face a rise in wealth tax as well as a tightening of inheritance tax. More measures are also expected, including a 75 per cent tax rate on annual incomes of more than $1.2m.

Opinion polls showed that most French citizens approved the tax hikes, but some of the rich have called them "counter-productive".

Al Jazeera's Tim Friend reports from Paris.

82

Source:
Al Jazeera
Topics in this article
People
City
Organisation
Featured on Al Jazeera
An interactive dashboard examines the history, successes and challenges facing the group.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
Fallout from rare strike at Arabtec Construction continues, as many South Asian labourers ordered to leave the country.
A four-part series that gives a rare insight into the country on the move, with history in tow.
Featured
An interactive dashboard examines the history, successes and challenges facing the group.
Two years since the start of the uprising, rebels and Assad's forces remain locked in conflict.
A four-part series that gives a rare insight into the country on the move, with history in tow.
News and analysis of 2013 presidential contest as Ahmadinejad finishes second term.
Series on the Palestinian 'catastrophe' of 1948 that led to dispossession and conflict that still endures.
join our mailing list