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International Business Times
International Business Times
World
Tom BARFIELD

French Left Vows New Taxes As Snap Election Draws Near

The New Popular Front (NPF) plans to tax wealth and windfall profits (Credit: AFP)

Left-wing parties in France on Friday pledged to raise 30 billion euros a year from taxing businesses and the rich if they win a majority at snap parliamentary polls, drawing ire from centrists and business leaders.

The promises to fund new welfare handouts come as the left tries to catch up to the lead of the far-right National Rally (RN) in the polls -- both of them well ahead of President Emmanuel Macron's camp.

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