French tax man pulls in record €12 billion in revenue

French tax man pulls in record €12 billion in revenue
Protesters unveil a banner which translates as "we want a fair share of taxes not charity". AFP
French tax sleuths helped the state recover almost €12 billion in 2019, Budget Minister Gerald Darmanin said on Wednesday on Twitter, calling it a "record" year.

According to figures published by the financial daily Les Echos and confirmed by the economy ministry, revenue obtained following tax audits accounted for almost €11 billion.

On top of this, rectified declarations added €358 million and judicial arrangements involving Google and asset management firm Carmignac another €530 million, the figures showed. 

The amount is more than a previous estimate of €9 billion made by Prime Minister Edouard Philippe in mid-February.

“In February, we only had consolidated data up until the start of October,” Darmanin told Les Echos. 

The final figure also represents an increase of around 50 percent over the total for the previous year and €2 billion more than the previous record year in 2015, the ministry of public accounts told AFP.


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