[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
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
More than 400 gaming dens operate on native lands, but critics say social ills and inequality stack the deck.
The Palestinian president is expected to address the UN with a new proposal for the creation of a Palestinian state.
Nearly 1,200 aboriginal females have been killed or disappeared over 30 years with little justice served, critics say.
Ethnic violence has wracked China's restive Xinjiang region, leading to a tight government clampdown.
Malay artists revitalise the art of puppeteering by fusing tradition with modern characters such as Darth Vader.