France's President Details Income Tax Cuts For 2016
by Ulrika Lomas, Tax-News.com, Brussels
09 September 2015
France's President, François Hollande, has provided more detail on the nation's planned tax cuts for low- and middle-income households in 2016.
Speaking at a press conference to mark the end of the summer break, Hollande stated that he plans to reduce the rate of income tax for those taxpayers in the first bracket of taxable income, which is currently 14 percent. This would build on the repeal, last year, of the lowest income tax rate band, which had featured a 5.5 percent rate.
Hollande projects that the cuts will benefit around eight million households and will cost EUR2bn (USD2.27bn).
Legislation will be included in the draft Finance Bill 2016, which will be presented to Parliament on September 30, 2015.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Reporting, Rule Changes and Reversals… »
- Buying a Home at Auction: Key Questions and Considerations »
- Compliance Concerns Under Consideration »
- Securing Finance for Development Projects »
- Tax Headlines on Headline Taxes »
- How to start a Corporation in California? »
- VAT's (not) All, Folks! »
- Cyprus Trusts: Outline and Practical Approach »
- Compliance on the Cards »
- International Initiatives In Focus »