Hollande pledges two billion euro of tax cuts in French 2016 budget

September 7, 2015 9:31 AM

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Hollande pledges two billion euro of tax cuts in French 2016 budget

PARIS (Reuters) – France’s 2016 budget bill will include around 2 billion euros (1.5 billion pounds) in tax cuts, President Francois Hollande told a news conference on Monday.

The French leader personally confirmed the plan for tax cuts after weeks of media talk of a further cut in income tax ahead of 2017 presidential elections. He also said France’s panoply of labour laws needed to be overhauled.

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