France

Spurning EU Warning, France Plans Tax Hikes for Millions

Brilliant

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Just days after a European finance chief warned France that tax rises had reached a dangerous threshold, a French news site has claimed that as many as 20 million households will be hit in the pocket by hikes in various charges.

The report will not make happy reading for millions of French households, nor indeed Europe's finance chiefs, who recently warned France not to raise taxes.

According to a study by Europe 1 radio, as many as 20 million households in France will be hit in the pocket by a combination of tax changes.

Between a new tax bracket of 45 percent, cuts to family assessments and a freezing of the income tax scale, more than half the country's tax payers will pay an average of €200 more this year.