In France, some 65,000 high-income households could be facing a new exceptional tax hike which is supposed to bring in a total of €2bn to the budget in 2025. Apart from companies which have a turnover of more than €1bn, individuals with high income are also facing tax hikes as of next year if the government’s draft budget for 2025 is accepted by the National Assembly (the French Parliament). The newly presented draft budget plan contains €40bn in public spending cuts and a further €20 billion, which is partially expected from raising taxes and introducing new, exceptional levies for companies …