https://sputnikglobe.com/20240918/french-interior-minister-declines-to-back-governments-tax-increase-plans-1120191660.html
French Interior Minister Declines to Back Government’s Tax Hike Plan
French Interior Minister Declines to Back Government’s Tax Hike Plan
Sputnik International
French Interior Minister Gerald Darmanin said Wednesday that he would not support or join the new government if it intended to increase taxes.
2024-09-18T12:59+0000
2024-09-18T12:59+0000
2024-09-18T13:27+0000
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Earlier this month, French media reported that France’s new Prime Minister Michel Barnier had hinted at possible tax raises, including the imposition of higher taxes on wealthier individuals. "There is no chance that we could join the government or provide our support in the National Assembly to a government that raises taxes," Darmanin told the France 2 broadcaster. The minister expressed support for the policy of tax cuts implemented in France in recent years, which he said had led to a reduction in unemployment and contributed to France's attractiveness. In his election debates, French President Emmanuel Macron repeatedly promised not to raise taxes, despite the country's economic struggles and growing public debt.
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french tax increase, tax increase plans in france, french tax policy, french tax system
French Interior Minister Declines to Back Government’s Tax Hike Plan
12:59 GMT 18.09.2024 (Updated: 13:27 GMT 18.09.2024) MOSCOW (Sputnik) - French Interior Minister Gerald Darmanin said Wednesday that he would not support or join the new government if it intended to increase taxes.
Earlier this month, French media reported that France’s new Prime Minister
Michel Barnier had hinted at possible tax raises, including the imposition of higher taxes on wealthier individuals.
"There is no chance that we could join the government or provide our support in the National Assembly to a government that raises taxes," Darmanin told the France 2 broadcaster.
The minister expressed
support for the policy of tax cuts implemented in France in recent years, which he said had led to a reduction in unemployment and contributed to France's attractiveness.
In his election debates, French President
Emmanuel Macron repeatedly promised not to raise taxes, despite the country's economic struggles and growing public debt.
France's budget deficit could amount to 5.6% in 2024, according to the French Finance Ministry. In July, then-Finance Minister Bruno Le Maire said the country needed to make savings of some 25 billion euros ($27 billion) to keep the budget deficit at the same level.