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9 April, 2019 00:00 00 AM
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France needs tax cuts in response to ‘yellow vests’: PM

AFP, Paris

The French government must implement bold tax cuts, the prime minister said Monday, after a mass public consultation called in the wake of “yellow vest” protests that shook President Emmanuel Macron.

Giving the first conclusions of a “Great National Debate” which was launched in January in response to the protests, Prime Minister Edouard Philippe said French citizens had expressed “an enormous exasperation” over the heavy tax burden.

“The debates show us very clearly which way to go.We need to lower taxes,

and lower them more quickly,” he told an audience in Paris.

The “yellow vest” protests, so called for the fluorescent vests worn by demonstrators, began in mid-November initially over fuel taxes before morphing into a nation-wide revolt against Macron.

The 41-year-old centrist came to power in May 2017 promising pro-business reforms and he has

focused his tax cuts so far on companies and high-earners in a bid to increase investment and lower unemployment.

The president is expected to announce new policies in a major speech planned in the middle of the month.

The “Great National Debate” involved 10,000 meetings in community halls around the country, around two million online contributions and saw Macron join local events for nearly 100 hours in total.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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