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French Taxe d’Habitation to be changed

By the request of the First Minister Jean-Marc Ayrault, local finance committees in France have been asked to start to re evaluate the French tax called the Tax d’Habitation (read the brief explanation here).

According to the article in Le Monde, this French tax on residents of a French property has apparently not been reassessed since 1970 and is seen as an opportunity for needed reform.

It is a tax that brought in 16.5 billion Euros in 2009.

The belief is that how it is calculated needs to be changed so that they is a greater relationship of the tax to the level of revenue of the resident.

The changes if they occur are supposed to take effect by 2018.

Read the original article in French here.