French Government to Fight Tax Evasion by Super-Rich

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Protesters hold a banner that reads “who sows misery reaps anger” during a demonstration in Nantes, western FranceInternationalIndiaAfricaPARIS (Sputnik) – French Minister of Public Action and Accounts Gabriel Attal presented on Tuesday a government plan to counter tax evasion that involves tightening control over the richest companies and business moguls. “Our goal is to make the super-rich and transnational corporations that cheat [on their taxes] to pay what is due,” Attal told a press briefing. The government intends to “tighten the control by 25%” over the wealthiest corporations and entrepreneurs by the end of President Emmanuel Macron’s second term in 2027, and plans to conduct biannual audits of 100 biggest companies by market cap, he specified. WorldEuropean Meat Giants Use Vague Schemes to Evade Millions in Taxes, Reports Suggest26 September 2022, 13:37 GMTThe new plan of the French government has been nicknamed “the plan against the super-rich,” and it is intended to become instrumental in restoring the French treasury. Attal pointed out that in 2022, France received a “record” amount of 14.6 billion euros ($15.9 billion), which is 8.2% more than the previous year, as a result of government actions aimed at tax evasion control. Rishi Sunak’s Wife Appears to Avoid Taxes on Foreign Income in UK Thanks to ‘Non-Dom’ Status7 April 2022, 09:04 GMTThe French Finance Ministry also intends to increase penalties for tax dodging, particularly, by withdrawing tax benefits from companies and ruling individuals ineligible for voting “for a certain period of time,” Attal said, adding that a tax intelligence service will also be established in order to counter international tax crimes. To this end, the French government intends to hire 1,500 tax professionals by 2027, increasing personnel by 15%, the minister said.

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