The French government wants to strengthen the tax control of large fortunes

The French government intends to strengthen fiscal control over large fortunes by 25% and audit the 100 companies with the highest market value every two years, as well as tighten sanctions for the most serious violations.

As Secretary of State for Budget Gabriel Attal expected in an interview published this Monday in the newspaper Le Monde, the French government wants these measures to be put into practice before the end of French President Emmanuel Macron’s second term. so the “super rich” and “multinational corporations that scam” pay what they owe.

“Fraud is a slow poison to our social contract. All fraud is serious, but the fraud of the most powerful is inexcusable. My philosophy is to focus on this and ease the pressure on the middle class. I’m not saying they cheat anymore. but when it does, the values ​​matter a lot,” the minister commented.

The secretary also told Le Monde that France is taxing large fortunes much more than its European Union neighbors, as 10% of taxpayers pay 70% of income tax, but ensured that even then the executive understands the “demand for fairness.”

“I want to strengthen the sanctions for the most serious frauds, for example, when there is a concealment of assets abroad,” Attal said.

With this policy, the French government is trying to respond to the feeling of social discontent caused by the increase in the retirement age.

The government passed it, arguing that raising the minimum retirement age is the only way to keep the system financially in balance over the medium term.

For their part, left-wing opposition groups have proposed offsetting the imbalance by taxing the richest, an idea that has influenced some of the hundreds of thousands of people who have taken part in demonstrations in France since the government’s proposal was unveiled in January. .