New French PM confirms tax rises for major companies to plug deficit

By Yahoo! Finance | Oct 4, 2024 at 12:51 PM EST

France's new PM, Michel Barnier, plans €60b in spending cuts and tax hikes to reduce deficit to 5% of GDP. Corporate tax rises for wealthy firms and individuals proposed temporarily. ING warns of lower tax receipts due to political uncertainty. France remains top European investment destination.

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