Earlier this month French budget minister Jérôme Cahuzac announced government plans to increase taxes on sales of cheaper cigarettes, a seemingly laudable move destined to both increase the income of a cash-strapped public purse and to dissuade people from smoking. But a number of health experts believe that the project will in reality have the perverse effect of benefitting the tobacco industry while penalizing mostly those smokers among lowest income groups. "It is scandalous," says Catherine Hill, an epidemiologist with a leading European cancer research and treatment centre, the Institut Gustave Roussy. "This isn’t a public health measure. It is a measure for enriching Philip Morris." Michaël Hajdenberg reports.
Looming tax rises by new socialist government has led to Gallic super-rich buying homes in 'wealth-friendly' nations such as Britain and Switzerland.
David Cameron has been “reassured” by President Hollande over plans to levy punitive new taxes on British owners of French holiday homes.
The new Socialist government in France tackles its budget deficit - but with more taxes than spending cuts.
UK citizens who own homes in France may have to pay substantially more in tax in that country, under proposals announced by ministers.
Socialist government has announced a big one-off increase in wealth taxes, by far the biggest single element in a €7.2bn package of new levies.
Government considers extending TV licence fee to include computer screen owners to boost revenues for public-sector broadcasting operations.
IMF head Christine Lagarde, a former French finance minister, causes uproar for saying Greeks were tax-dodgers for whom crisis was payback time.
Plush London districts are attracting super-rich migrants from France, scared by a tide of tax hikes promised by presidential election candidates.
French Socialist Party presidential candidate François Hollande has promised to tax those who annually earn above 1 million euros at 75% of income.
Jean-François Copé, leader of President Nicolas Sarkozy's ruling UMP party, is at the centre of a police investigation into the annulment, when he was budget minister, of a tax back payment of 6.2 million-euros demanded from a wealthy businessman connected to two key suspects in the so-called ‘Karachigate' illegal political funding affair. The tax adjustment, which was reduced by 4 million euros (document above), came after arms dealer Ziad Takieddine raised the case with Copé on the behest of Nicolas Bazire, managing director of luxury goods firm LVMH, according to a statement given to police by Takieddine's British former wife, Nicola Johnson. Fabrice Arfi and Karl Laske report.
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Sixteen of France's wealthiest people, including L'Oreal heiress Liliane Bettencourt, advise tackling deficit by raising taxes on the rich.
In an ongoing judicial investigation into suspected illegal political party funding in France via a sale of submarines to Pakistan, several witnesses have identified Franco-Lebanese businessman and arms dealer Ziad Takieddine (photo) as being a principle intermediary in the deal. Earlier this week, Mediapart revealed his closeness to key members of French President Nicolas Sarkozy's inner circle. In this second report, Mediapart can disclose how Takieddine pays no income tax nor wealth tax in France, despite being domiciled in the country and where, according to documents signed by his hand, he has a wealth of 40 million euros. Fabrice Arfi and Karl Laske investigate.