France to Crack Down on Rich Tax Dodgers, Budget Minister Says

French plans to get tougher on tax fraud and over-optimization by the wealthy and will scrutinize more closely their holding companies and fortunes, Budget Minister Amelie de Montchalin said.

The measures currently “on the table” would raise at least €2 billion in fresh fiscal receipts to help plug the budget deficit, she said on France Info radio on Wednesday. Authorities would seek to determine whether the rich have paid taxes at a fair level on income, capital and property, she added.

“The French need to trust the tax system, that their neighbor — especially if they have more means — ...