"The vast majority are paying their taxes in France but a small proportion are not and this will solve that," he said. The measure is included in the 2020 budget bill, which also has to be approved by the upper house Senate before becoming law. READ ALSO How much more disposable income will you have under the 2020 budget? The issue of the mega-rich squirreling away their millions away in countries such as Belgium or Switzerland where they pay lower taxes, has long been a source of frustration in France. Darmanin said the new rule would take account of bilateral tax agreements with other countries.

Source: The Local October 17, 2019 16:30 UTC