CCTV.com - CNTV English - CCTV News

France to unveil tax reform plan next month

01-18-2011 08:33 BJT

PARIS, Jan. 17 (Xinhua) -- French Budget Minister Francois Baroin said Monday the government plans to unveil its first choices on reforming tax policy at the end of February in a way to help the country to meet deficit target set at 6 percent in 2011.

"The year of 2011 will be characterized by the continued monitoring of the public spending .. and will be the year of the reform of tax heritage," Baroin said.

"We'll announce at the end of February ... we will wait another month to say which ones we will reserve to lead us to a reform which should be simple," he added while addressing the press in his New Year greeting message.

The minister noted that fiscal stability will be the result " of a simple idea of the solidarity tax on wealth .. on the tax shield .. and of this new tax on heritage."

The reform would put an end to the tax shield and to modify solidarity tax on wealth, a measure protecting especially people of high incomes without hitting further public finances, he said.

The draft reforms text is scheduled to be presented to the parliament in June, according to official agenda.

France is working to save 100 billion euros (132.93 billion U.S. dollars) over the next three years with the aim to cut budget deficit from an estimated 7.7 percent in 2010 to 6 percent in 2011 and 3 percent in 2013.

"We are going to keep our deficit target. In 2010 we expect 7. 7 percent of the national wealth from a projected 8.5 percent in the draft budget of 2009, a great improvement deserved to be hailed," Baroin said.

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program