Keyword: Jérôme Cahuzac
The French budget minister says an extra 6 billion euros in taxes will be raised next year to make up for a shortfall in government finances.
French budget minister Jérôme Cahuzac is being investigated by the tax authorities over suspected irregularities in his tax statements, notably undeclared and under-declared assets, Mediapart can reveal with the publication here of a confidential document listing their queries. The tax inspectors’ enquiry is being led in parallel to a separate preliminary judicial investigation, launched last month, into Cahuzac's suspected 'laundering of the proceeds of tax fraud' relating to evidence that he held a secret Swiss bank account before entering government. Fabrice Arfi reports.
A month after the publication of revelations that budget minister Jérôme Cahuzac held an undisclosed Swiss bank account until 2010, a formal investigation has been opened into the affair, Mediapart can reveal. The prosecution authorities have started a preliminary inquiry into the alleged 'laundering of the proceeds of tax fraud'. The investigation is being carried out by detectives from the national financial and tax investigation unit the Division nationale d’investigations financières et fiscales. Fabrice Arfi and Michel Deléan report.
The French government’s proposed top 75% income tax rate, applicable to individuals annually earning more than 1 million euros, was struck down by the country’s Constitutional Council last weekend after it ruled that it breached a fundamental principle of equality for taxpayers. This was the application of income tax per individual instead of the usual method of per household. How could the government, now accused of amateurism, and especially the budget and finance ministries, have ignored a technicality to which they had been previously alerted by the parliamentary finance commission? While President François Hollande has promised to redraft the terms of the tax, there is every indication that, if it is revived, it will return severely watered-down. Mediapart business and finance specialist Martine Orange analyses a fiasco that begs the question of whether the tax was scuppered from the inside.
French budget minister Jérôme Cahuzac earlier this month announced he was suing Mediapart for defamation after this website published an investigation revealing that he had held for a number of years, before he became a member of the government, a secret Swiss bank account. Since its first report, Mediapart has published further information including a tape recording in which a voice identified by witnesses in the affair as that of Cahuzac can be heard discussing the account. While the government stands by its budget minister, who denies ever holding a bank account abroad, the justice authorities have made no move to investigate the case, prompting Mediapart’s Editor-in-Chief Edwy Plenel to write to the Paris public prosecutor’s office demanding an independent judicial enquiry. In this interview, Mediapart’s lawyer, Jean-Pierre Mignard, argues that the judicial inertia is the result of the submissive hierarchical relationship between the prosecutor’s office and the executive political powers, one which President François Hollande has previously pledged to bring to an end.
Jérôme Cahuzac, the budget minister accused of having an undisclosed Swiss bank account until 2010, has withheld the truth surrounding the affair from the highest offices of state, Mediapart can reveal. Mediapart can disclose that the person who possesses the key recording on which Cahuzac (pictured) is heard discussing his bank account has himself approached the office of French President François Hollande to confirm it is genuine. Meanwhile email correspondence between the minister and friends shows that he himself does not deny the authenticity of the recording. And Mediapart can also reveal that the tax authorities have started to carry out thorough checks of the budget minister’s recent tax declarations, which appear to show numerous discrepancies. All of which, says Fabrice Arfi, is proof that Jérôme Cahuzac is in an untenable political situation.
The budget minister and the Swiss bank account: why only an independent judicial investigation will do
Budget minister Jérôme Cahuzac has adopted a fresh strategy as he tries to defend himself against Mediapart's investigation that shows he had an undisclosed Swiss bank account until 2010. Cahuzac is trying to get the bank to waive its banking secrecy rules to confirm he held no such account – something the bank has so far refused to do. But as François Bonnet and Dan Israel point out, behind this apparent delaying tactic there is a clear conflict of interest between Cahuzac the budget minister and Cahuzac the private bank customer. Which is why, they argue, only an independent judicial investigation can get to the heart of the affair.
For more than ten days budget minister Jérôme Cahuzac has either refused to comment or set up a media smokescreen over key elements of Mediapart's claim that he had a secret Swiss bank account until February 2010. So far the government has backed the minister, who has denied ever having such an account. Here Mediapart's editor François Bonnet details the five crucial points over which the minister still needs to respond, including the recorded conversation in which Cahuzac is clearly heard discussing the UBS bank account in Geneva.
Jérôme Cahuzac, the budget minister accused of having a secret Swiss bank account until 2010, has amassed considerable wealth from his work as a hair transplant surgeon and consultant. Mediapart can reveal the name of the man who handles the minister's personal wealth, the ultra-discreet Hervé Dreyfus (see photo, right). Mediapart can also disclose it was Dreyfus to whom Cahuzac was talking during his now infamous telephone conversation when he was accidentally recorded talking about the Swiss account – whose existence he still continues to deny. Fabrice Arfi, Dan Israel, Mathilde Mathieu and Martine Orange investigate the financial background and contacts of France's under-fire budget minister.
Following French budget minister Jérôme Cahuzac’s vehement denials of Mediapart’s revelations that he held a secret bank account in Switzerland over a number of years until 2010, Mediapart publishes here a sound recording of a conversation in which Cahuzac (pictured) explicitly refers to the account, held with a branch of Swiss banking giant UBS in Geneva. Cahuzac, who last month announced a crackdown by his ministry on tax fraud, can be heard saying: “What bothers me is that I still have an account open with UBS", before adding, with irony: "UBS is not necessarily the most hidden of banks.” Fabrice Arfi reports.
French budget minister Jérôme Cahuzachas announced he is to sue Mediapart over its report that he held a secret Swiss bank account until 2010.
French budget minister Jérôme Cahuzac (pictured), who last month announced his ministry was launching a crackdown on tax fraud, held for several years a secret bank account in Switzerland, Mediapart can reveal. The funds held in the UBS account were, after it was closed in 2010, allegedly then transferred to Singapore. In an interview with Mediapart, Cahuzac has denied ever holding an account in Switzerland, while threatening legal action if the suggestion that he had was published, which Mediapart does indeed do here. Fabrice Arfi reports.
France may abandon plans for a major extension of its high-speed train network as the new left-wing government strives to shrink its huge debt.