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French finance minister pledges 'no new taxes' under Macron

Published 01/12/2018, 12:06 PM
© Reuters.  French finance minister pledges 'no new taxes' under Macron
  • French finance minister Bruno Le Maire said that there will be no new taxes till 2022, even though they are steadily reducing the housing tax and are finding ways to compensate local authorities for expected revenue loss of €20B in case of a total scrap of the housing tax.
  • The government plans to keep public sector deficit under 3% by achieving stronger economic growth leading to increased revenue thereby reducing the size of the deficit relative to the GDP or by reduction in public spending.
  • Source: Investing.com
  • ETFs: EWQ, FLFR
  • Now read: Investment Lessons From The Mona Lisa


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