Skip to main content
France

New tax cuts to benefit 3 million more French households

French President François Hollande announced on Thursday new tax cuts in 2016 to benefit 3 million more French middle-class families.

Getty Images/Photodisc/Ken Welsh
Advertising

“We are going to reach 3 million more homes that were not concerned so far by the previous tax cuts,” said French Finance Minister Michel Sapin.

“In addition, about a million new homes will be exempted from income tax,” he added.

The measure represents 2 billion euros in tax relief in 2016, after 3.2 billion euro in tax cuts in 2015 and 1 billion in 2014.

“Tax relief could go from 300 to 500 euros for a couple normally taxed between 1,500 to 2,000 euros,” said Sapin.

The percentage of French people taxable should drop to 46 per cent compared to 52.3 per cent in 2013.

A total of 8 million families are expected to benefit from tax relief in 2016.

Daily newsletterReceive essential international news every morning

Keep up to date with international news by downloading the RFI app

Share :
Page not found

The content you requested does not exist or is not available anymore.