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PM VETOES SUGGESTION BY FINANCE MINISTER THAT THE ISF TAX COULD BE REFORMED. Prime Minister François Fillon has dismissed talk of reforming wealth tax after changes were hinted at by finance
minister Christine Lagarde. In an interview over the weekend in La Tribune Ms Lagard suggested that France’s level of taxation of personal assets was well above the EU average. She added
that as the government looked to increase the level of taxation on capital gains, which was below the EU average, it may also look to reform the l'Imposition de solidarité sur la
fortune ISF wealth tax. Mr Fillon denied there were any plans to reform the ISF saying it was not ‘the order of the day’. He said the government’s bouclier fiscal which capped all personal
taxation at 50% of income was in itself a successful reform of the wealth tax. Photo:AFP/Fred Dufour
