Zut alors but the French socialists think that MAYBE they cannot tax anymore!
France’s Socialist government has admitted that the country cannot cope with any further tax rises and promised no more hikes just days ahead of the country’s largest ever tax bill.
Mr Hollande’s government introduced over 7 billion euros of fresh taxes after coming to power in May 2012 and another 20 billion euros in the 2013 budget. In next year’s budget, the government says spending cuts will account for more than two thirds of the total deficit-reduction effort. But there will still be around six billion euros in new taxes.
“The problem with socialism is that eventually you run out of other people’s money [to spend].”