France plans tax cuts to stabilize franc and curb outflows
Paris reports a Poincare led program to save currency by domestic means, aiming to curb wealth abroad. The cabinet backs heavier indirect taxation, reduced income tax, and push to stabilize the franc with national economies before seeking foreign credits. Professor Marion cites France as the world's heaviest income tax payer for given returns.
MENTIONED IN THIS ARTICLE
Paris
Poincare
Chamber
France
Briand- Caillaux
M. Poincare
Marion
College of France
Academy of Sciences
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