France votes to raise taxes on the rich | News | Al Jazeera

France votes to raise taxes on the rich

New measures, such as increases in wealth and inheritance taxes, have angered wealthy citizens.

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    America's Guns: Secret Pipeline to Syria

    America's Guns: Secret Pipeline to Syria

    How has the international arms trade exacerbated conflict in the Middle East? People and Power investigates.

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.