French cuts to focus on income tax, finance minister indicates

August 26, 2015 7:16 AM

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French cuts to focus on income tax, finance minister indicates

PARIS (Reuters) – French Finance Minister Michel Sapin indicated on Wednesday that cuts promised on the revenue side of next year’s budget would focus on income tax rather than other levies.

President Francois Hollande said French households would enjoy tax cuts in France next year “whatever happens”, thanks to an expected pick-up in economic growth, but gave no details.

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