Keyword: tax

Baccy tax hike leaves French smokers, not companies, coughing up more


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.

France's proposed tax hikes spark 'exodus' of wealthy

Looming tax rises by new socialist government has led to Gallic super-rich buying homes in 'wealth-friendly' nations such as Britain and Switzerland.

British PM 'reassured' over French tax grab on holiday homes

David Cameron has been “reassured” by President Hollande over plans to levy punitive new taxes on British owners of French holiday homes.

François Hollande’s fiscal puzzle

The new Socialist government in France tackles its budget deficit - but with more taxes than spending cuts.

French to tax foreign second-home owners

UK citizens who own homes in France may have to pay substantially more in tax in that country, under proposals announced by ministers.

Wealthy hit hardest as France raises taxes

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.

France eyes computer screen tax to boost revenues

Government considers extending TV licence fee to include computer screen owners to boost revenues for public-sector broadcasting operations.

IMF chief Lagarde slammed over 'payback time for tax-dodging Greeks' comments

IMF head Christine Lagarde, a former French finance minister, causes uproar for saying Greeks were tax-dodgers for whom crisis was payback time.

French rich prepare for exile in London

Plush London districts are attracting super-rich migrants from France, scared by a tide of tax hikes promised by presidential election candidates.

Hollande promises 75% tax on top incomes

French Socialist Party presidential candidate François Hollande has promised to tax those who annually earn above 1 million euros at 75% of income.

French ruling UMP party chief in 4 million-euro tax gift probe

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Extrait de la lettre de Jean-François Copé, ministre du budget. Extrait de la lettre de Jean-François Copé, ministre du budget.

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.

Exclusive: L'Oréal heiress Liliane Bettencourt's secret tax-dodging accounts and mystery payments

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This article has been censored

A ruling by the Versailles court of appeal on July 4th 2013 has ordered that Mediapart must remove from its website all articles which contain extracts from the so-called ‘butler tapes’ at the heart of the Bettencourt affair. The penalty for not doing so is 10,000 euros per article per day (effective from July 21st). Mediapart has appealed against the ruling.

France's richest say 'tax us more'

Sixteen of France's wealthiest people, including L'Oreal heiress Liliane Bettencourt, advise tackling deficit by raising taxes on the rich.

The well-connected arms dealer and his tax returns

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Z.Takieddine © Mediapart Z.Takieddine © Mediapart

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.

Sarkozy drops tax plan on second homes

Controversial plans that would have led to French expats and foreigners with second homes in France paying a new tax on their properties is scrapped.