France abandons warlike plans against holidaymakers. As reported today by the newspaper Les Echos, Paris has put aside the idea of a new tax on holiday homes. The measure was an integral part of one of a reform proposal that will arrive in the Senate tomorrow. Instead, the hypothesis of canceling the shield that allows the richest French people not to pay taxes on more than half of their income remains standing.
Pressure from some senators during a meeting last Saturday with President Nicolas Sarkozy and Treasury Minister Francois Baroin was decisive for the cancellation of the tax on second homes. "The French living abroad really could not understand this measure," said a presidential source quoted by the French newspaper. Actually, the explanation wasn't all that complicated. Thanks to the new tax, the Government hoped to raise around 176 million euros, for an average collection of 485 euros per home.
Source:
Les Echos
