[QODLink]
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
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.