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Radio France Internationale

National

RFI

France targets the rich with temporary tax hikes to bring down debt

France Michel Barnier Antoine Armand

France is preparing to implement temporary tax hikes targeted at high-income earners to address its growing national debt. REUTERS - Abdul Saboor

France's finance minister has promised that upcoming tax hikes required to bring the country's finances back on track will be specifically targeted at high-income groups and will be temporary.

Antoine Armand's announcement on RTL radio comes a day after French Prime Minister Michel Barnier pledged to tackle "colossal" debt through a combination of spending cuts and new taxes.

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