|
|
 |
 |
 |
 |
   |
FRENCH TAX CUTSTax-cut fever is spreading across Europe. Last month, German Chancellor Helmut Kohl announced a dramatic plan to slash income taxes. Now French Prime Minister Alain Juppe says he'll launch a five-year tax overhaul in September. An experts' committee is urging him to cut the top rate on personal income tax from 56.8% to 40%. Juppe promises to kill the 10% corporate-tax surcharge and 2% value-added-tax hike, but it's not clear when. Various tax breaks will be abolished and a health-care tax created to spread costs. Juppe says tax cuts hinge on spending cuts, so taxpayers probably won't get relief soon. EDITED BY STANLEY REED
|
Updated June 14, 1997 by bwwebmaster
Copyright 1996, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use