Published: 04 Feb 2013 16:50 GMT+01:00 | Print version
Updated: 04 Feb 2013 18:18 GMT+01:00
France’s Finance Minister Pierre Moscovici, insisted on Monday that his government's controversial super tax would soon be back on the table. The minister however declined to specify at what rate the tax would be set, fueling speculation the government might be ready to lower it from 75 percent.
President François Hollande’s much publicised 75% tax on those earning more than €1 m was thrown out by France’s highest legal ,the Constitutional Council, in December on the grounds it was unconstitutional.
The council, known as "Les Sages", ruled the law was unconstitutional, partly because it applied to individual rather than household income, so was not consistent with France's usual method of taxation.
Last week Prime Minister Jean-Marc Ayrault was forced to deny reports that the government had decided to scrap the tax and on Monday Moscovici said details of the redesigned levy would be revealed by the "end of February".
However he refused to be drawn on whether it would remain at 75 percent, saying only it would be in the "same spirit" as the previous proposal.
According to a report by Europe 1 radio, Moscovici has been working with the PM to devise a tax plan that will avoid a second rejection from the constitutional council.
“I don’t want to risk censure again, and I’d like to stay close to the principles defined by the Constitutional Council,” said Moscovici.
If the tax is adjusted to affect households rather than individuals it would effectively increase the number of people affected by the new tax from 2,000 to 15,000, which have an impact on the popularity of what was Hollande's flagship pre-election pledge.
A source close to the president told Europe 1 on Monday that he would consider it "politically impossible" to abandon the hike on wealthy tax-payers.
A recent BVA poll for France’s i-TELE found that 61 percent of French people supported in principle the idea of a separate tax on earnings over €1 million, but only 21 percent thought the rate should be at 75 percent or above.
French police fear a gang of robbers is specifically targeting wealthy women in Paris after the second victim in a matter of weeks was kidnapped and forced to hand over tens of thousands of euros worth of valuables. READ () »
The French President François Hollande’s bid to clean up French politics suffered an early setback on Wednesday when one of his parliamentary deputies was jailed for embezzling public money. READ () »
The French government is planning a controversial change in the law to allow more university courses to be taught entirely in English, in a bid to attract foreign students. Author Frederic Werst, one of a group of writers against the project tells The Local why the idea is "deluded". READ () »
A highly contentious proposal to allow more courses at French universities to be taught in English will be discussed in the French parliament today as the minister behind the plan slams the “hypocrisy” of those opposing it. READ () »
French prosecutors investigating corruption are set to decide this week whether to charge IMF chief Christine Lagarde over her handling of a row that resulted in a €400 million payout being paid to disgraced businessman Bernard Tapie. READ () »
Notre Dame cathedral in the heart of Paris had to be evacuated on Tuesday when 78-year-old writer and far-right figure Dominique Venner, a firm opponent of gay marriage, shot himself in the head by the church's altar. READ () »
High ranking ministers in the French government can expect a grilling in the coming days as an investigation into a tax fraud scandal got underway on Tuesday. The probe was set up after the former budget minister admitted having a secret bank account. READ () »
Hopes that France's long, hard winter would be followed by a warm, sunny spring have been well and truly washed out after a weekend of heavy rain and storms. The country's weather agency saying more bad weather is on the way. READ () »
The French Interior Minister reassured the public on Tuesday that a global operation involving French and international police was underway to track down fugitive Redoine Faid, who remains at large after blasting his way out of prison in April. READ () »
VIDEO: French police have charged a minibus driver carrying a group of Marseille football supporters who were involved in a mass brawl with fans of fierce rivals Lyon at a motorway toll plaza in the south of France at the weekend. READ () »