Sarkozy Aims to Overhaul French Wealth, Asset Taxes

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French President Nicolas Sarkozy aims to overhaul French wealth and estate taxes, opening up a political minefield in the months before 2012 elections.

The review will be complete by June 2011, and will be done as part of a study into aligning taxes with those of Germany, Europe’s biggest economy and France’s largest trading partner, government spokesman Luc Chatel told reporters today.