Tax & Spend
France’s Tax Increases to Hit Some 300 Companies, Premier Says
- Barnier ‘not happy’ but doesn’t want to be ‘irresponsible’
- Measure to rein in budget deficit to be limited to 1-2 years
Michel Barnier
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Planned tax increases to get France’s budget deficit under control will hit about 300 of the country’s biggest companies, Prime Minister Michel Barnier said.
The increase will be temporary, for one or two years, and will be limited to companies with €1 billion ($1.1 billion) of annual revenue or more, Barnier said on France 2 television.