France to Cut Income Taxes by Further 1 Billion Euros in 2017

  • Latest cuts bring income tax reductions to EU6b since 2014
  • Government denies reductions linked to next year’s elections

French President Francois Hollande.

Photographer: Christophe Ena/AFP via Getty Images

French President Francois Hollande’s government promised households a 1 billion-euro ($1.1 billion) tax cut next year to distance itself from the punishing revenue grabs that characterized the beginning of its mandate.

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