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France Eyes Taxes on Rich, Not Companies, to Help Fund Defense - BLOOMBERG

MARCH 04, 2025

By James Regan


The French government wants to extend taxes on the rich as it seeks ways to boost defense spending while wrestling with a ballooning deficit and higher borrowing costs.

Finance Minister Eric Lombard said a proposal by the previous administration under Prime Minister Michel Barnier for a differential levy on high incomes was “interesting.”

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