The French Government must implement bold tax cuts in response to the “yellow vest” protests, Prime Minister Edouard Philippe argued Monday as he revealed the results of a major public consultation on the crisis.
Giving the first conclusions of a “Great National Debate” which was launched in January, Philippe said that French citizens had expressed “an enormous exasperation” over the country’s tax burden, which is the highest in the world.
“The debates show us very clearly which way to go. We need to lower taxes, and lower them more quickly,” Philippe who told an audience in Paris.
The “yellow vest” protests, so called for the fluorescent vests worn by demonstrators, began in small-town France in mid-November, initially over fuel taxes before spiralling into a nation-wide revolt against President Emmanuel Macron.
The 41-year-old came to power in May 2017 promising pro-business reforms and tax cuts for companies and investors to encourage job creation, earning him a reputation as a “president of the rich.” Philippe, a centre-right fiscal hawk who has previously
called for tax cuts and reductions in public spending, said the government needed to go further. “We have reached a point where hesitating would be worse than an error, it would be an offence,” Philippe added.
“The need for change is so radical that any conservatism, any feebleness would be unforgiveable in my view.” Macron is expected to announce his conclusions in a major speech in the next fortnight, with the “Great National Debate” billed as a watershed moment in his nearly two-year-old presidency.
Though he is known to favour further tax cuts too, he has ruled them out without reductions in public spending -- which could prove hugely controversial.