France Plans Tax Changes to Raise 10 Billion Euros, Echos Says

The French government plans to propose revisions in tax laws to raise an additional 10 billion euros ($12.6 billion) in revenue to reduce the country’s budget deficit, Les Echos reported.

Changes to the law will include higher inheritance taxes, an end to exemptions for payroll taxes on overtime the reestablishment of the wealth tax schedule and measures to reduce tax loopholes used by large companies, the newspaper said, without saying where it got the information.

A proposed adjustment in capital taxes to the same level as salaries is planned for the fall, Figaro said.

To contact the reporter on this story: James Kraus in London at jkraus2@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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