France promises more tax cuts

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France promises more tax cuts

French president Jacques Chirac has reportedly promised to continue cutting income tax and social security charges even though growth is lower than predicted. According to the Reuters news service Chirac promised the cuts in his New Year's address to the French National Assembly and Senate. Chirac's centre-right government won a parliamentary majority in June last year and the president promised to reduce taxes by 30% over his five-year term in office.

 

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