Politics9/3/2025Bloomberg

France to Crack Down on Rich Tax Dodgers, Budget Minister Says

France to Crack Down on Rich Tax Dodgers, Budget Minister Says

The French government is set to intensify its crackdown on tax evasion and aggressive tax planning by the wealthy, according to Budget Minister Amelie de Montchalin. The minister stated that the government will closely examine the holding companies and fortunes of the rich, in an effort to combat tax fraud and over-optimization. This move is part of the government's broader strategy to ensure that the wealthy pay their fair share of taxes. The announcement comes amid growing concerns about the impact of tax avoidance on government revenues and the perceived unfairness in the tax system. The French government is determined to address these issues and ensure a more equitable tax system that benefits all citizens, not just the wealthy.

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