Taxes

Chief French Tax Collector Accused of Hiding Money

He's above the rules that apply to others

|

The Socialist minister in charge of a crackdown on French tax evaders is fighting off accusations that he himself has hidden money in a secret Swiss bank account.

Budget Minister Jerome Cahuzac said he will sue the investigative news website Mediapart, over its allegation that he held such an account with Swiss bank UBS until 2010.

Amid rising speculation about Cahuzac's position, on Thursday, Prime Minister Jean-Marc Ayrault stood behind him, saying there was no question of him leaving the government.