Economic news

French PM Barnier signals tax hike on the wealthy

2024.09.22 14:51

PARIS (Reuters) – French Prime Minister Michel Barnier said on Sunday that he would not raise taxes on most French taxpayers, although the wealthiest would have to help close a hole in the budget.

© Reuters. FILE PHOTO: Newly appointed France's Prime Minister Michel Barnier attends the handover ceremony with outgoing Prime Minister Gabriel Attal at the Hotel Matignon in Paris, France, September 5, 2024. REUTERS/Sarah Meyssonnier/Pool/File Photo

“I’m not going to further increase taxes on all French people, neither on the most modest, nor on people who work, nor on the middle classes. But I cannot exclude the wealthiest from the national effort to rectify the situation,” Barnier told France 2 television.

Barnier also said he was also open to changes to President Emmanuel Macron’s pension reform but that any changes should not undermine the pension system’s finances.



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