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French finance minister: prepared to step up tax cuts, spending cuts

Kitco News

PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Thursday that he was always prepared to step up the government’s tax cutting plans as long as they were accompanied by spending cuts.

“If we need to accelerate tax cuts, whether for companies or households, I am in favor,” Le Maire told an economics conference, as the government struggles to quell a grassroots movement against fuel tax hikes.

“But in this case, it must go hand-in-hand with a decrease in spending,” he said.

Le Maire also said he wanted workers’ bonuses to be made tax exempt as soon as possible, in a gesture to the movement protesting against weak purchasing power.

Reporting by Leigh Thomas and Myriam Rivet; Editing by Sudip Kar-Gupta

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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