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France can change the position of VAT, says the government spokesman

December 5, 2018 World 0 Views A protest carrying a yellow west, the symbol of a French driver protesting at…

A protest carrying a yellow west, the symbol of a French driver protesting at higher diesel fuel prices, is holding a flag near burning waste at the direction of the A2 Paris-Brussels motorway in Fontaine-Notre-Dame, France, December 4, 2018. REUTERS / Pascal Rossignol

PARIS (Reuters) &#821

1; The French government could change its position in terms of wealth tax, Governor Benjamin Griveaux said, protesting over President Emmanuel Macron’s policy.

The government has changed aspects of the national tax – known in France as “ISF” – by reducing it to lucrative real estate and real estate properties.

However, this move had led to criticism that Macron was a “President of the Riches”, as it would have alleviated the tax burden for many of the country’s richest citizens.

On Wednesday, Griveaux told RTL radio that the government could consider these proposals if it saw that the move did not work.

“If a measure that we have taken, which costs public funds, does not work, if it does not work well, we are not stupid – we would change it,” he said.

Earlier this week, French Prime Minister Edouard Philippe decided to cancel planned increases to fuel charges for at least six months due to weeks of sometimes violent protests, marking the first major U-turn of Macron’s administration for 18 months on duty.

Reporting by Sophie Louet; Editing Sudip Kar-Gupta / Bate Felix

Our Standards: Thomson Reuters Trust Principles.


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